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Definitions from the Web

Reimbursement

Definition:

Reimbursement refers to the act of repaying or compensating someone for money spent or losses incurred, especially in relation to expenses or damages.

Part of Speech:

Noun

Senses:

1. The act of reimbursing; repayment or compensation for expenses or losses.
2. The amount repaid or compensated.

Usages:

• Businesses often provide travel expense reimbursement to their employees.
• The insurance company offered full reimbursement for the damages caused by the accident.
• She submitted the receipts for reimbursement of her medical expenses.
• The reimbursement process may take up to two weeks.

Related Products:

• Reimbursement Software
• Expense Reimbursement Guide
• Reimbursement Policy Book