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May 3, 2021 · Reimbursement is most commonly associated with business expenses. Many companies have policies outlining when they will reimburse employees for out-of-pocket expenses.
REIMBURSEMENT definition: 1. the act of paying back money to someone who has spent it for you or lost it because of you, or…. Learn more.
Choose the Right Synonym for reimburse. pay, compensate, remunerate, satisfy, reimburse, indemnify, repay, recompense mean to give money or its equivalent in return for something. pay implies the discharge of an obligation incurred. paid their bills. compensate implies a making up for services rendered.
REIMBURSEMENT meaning: 1. the act of paying back money to someone who has spent it for you or lost it because of you, or…. Learn more.
A reimbursement is a repayment for money you've already spent. When you travel for work, you get a reimbursement for your work-related expenses, like hotel bills and plane tickets, but you'll have to pay for that trip to the circus yourself.
By efficiently managing reimbursements, individuals can maintain their financial well-being and avoid unnecessary financial burdens. Reimbursement are sometimes performed via tax relief or other forms of welfare compensation to reduce the administration costs. In the government sector, reimbursement management is essential for various reasons.
Reimbursement definition: repayment for an expense or loss incurred. See examples of REIMBURSEMENT used in a sentence.
reimbursement. British English: reimbursement NOUN / ˌriːɪmˈbɜːsmənt /. If you receive reimbursement for money that you have spent, you get your money back, for example because the money should have been paid by someone else. She is demanding reimbursement for medical and other expenses.
Apr 13, 2024 · An Expense Reimbursement Policy is used by an employer to describe to the expenses that they will cover for their employees, as well as those that do not. It also includes information on how the employee can ask for reimbursement if they initially paid for any covered expense.
Definition of reimbursement noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
