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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"
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.
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.
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.
Reimbursement definition: repayment for an expense or loss incurred. See examples of REIMBURSEMENT used in a sentence.
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.
reimbursement. the act of paying back money to somebody which they have spent or lost; the amount that is paid back.
to pay someone back an amount of money that they have spent doing their work, or to pay them money because you have caused them to have a problem: We will reimburse all costs. Travel expenses will be reimbursed. reimburse sb for sth Your employer should reimburse you for any expenses incurred.
noun. ( Insurance: General) Reimbursement is payment of the expenses incurred as a loss covered by an insurance policy. Pet insurance plans generally require customers to pay the vet bill first and then submit receipts for reimbursement.
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)
