Definition, Meaning & Synonyms
out-of-pocket
adjective
ˌaʊt əv ˈpɒkɪt
Definition
Expenses that are paid directly by an individual rather than covered by insurance or another party.
Examples
- After his surgery, he had significant out-of-pocket costs for medical bills.
- Many families struggle with out-of-pocket expenses when their insurance doesn’t cover certain treatments.
- I had to pay for the hotel out-of-pocket since the company’s policy doesn’t reimburse travel expenses.
Meaning
This phrase refers to costs that a person must pay from their own funds, especially in the context of medical expenses or business expenses that are not reimbursed.
Synonyms
- unreimbursed
- outlay
- personal expense
