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- DictionaryRe·im·burse·ment/ˌrēəmˈbərsm(ə)nt/
noun
- 1. the action of repaying a person who has spent or lost money: "reimbursement of everyday medical costs"
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.
Reimbursement definition: repayment for an expense or loss incurred. See examples of REIMBURSEMENT used in a sentence.
reimburse implies a return of money that has been spent for another's benefit. reimbursed employees for expenses. indemnify implies making good a loss suffered through accident, disaster, warfare. indemnified the families of the dead miners. repay stresses paying back an equivalent in kind or amount.
the act of paying back money to someone who has spent it for you or lost it because of you, or the amount that is paid back: She has received reimbursement for some of her costs. Employees can apply for reimbursement of travel expenses. See. reimburse.
May 3, 2021 · Reimbursement is money paid to an employee or customer, or another party, as repayment for a business expense, insurance, taxes, or other costs. Business...
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.
Noun. 1. reimbursement - compensation paid (to someone) for damages or losses or money already spent etc.; "he received reimbursement for his travel expenses". compensation - something (such as money) given or received as payment or reparation (as for a service or loss or injury)
