Definition, Meaning & Synonyms
reimbursement
noun
/ˌriːɪmˈbɜːrsmənt/
Definition
The act of repaying someone for expenses they have already incurred.
Examples
- The company offers reimbursement for travel expenses.
- She submitted her medical bills for reimbursement.
- Employees must retain receipts for any reimbursement requests.
Meaning
Reimbursement refers to compensating someone for out-of-pocket costs or expenditures they have made, often related to business or medical expenses.
Synonyms
- repayment
- refund
- compensation
- refund
