out-of-pocket

/'autəv'pɔkit/

Thân thiện

His out-of-pocket expenses for the repair were fifty dollars.

Definition

1. Adjective:
   • Requiring an immediate payment of one's own money: Describes an expense that must be paid directly with personal cash or funds at the time it is incurred, often before being reimbursed.
   • Having lost or spent one's own money: Describes the state of being poorer in cash as a direct result of having paid for something.

Usage

• The term is primarily used to describe costs, expenses, or losses that directly reduce the amount of cash a person has available.
• It is often used in financial, business, and medical contexts to discuss unreimbursed expenditures.

Examples

• Adjective:
  • All out-of-pocket medical expenses must be documented for reimbursement.
  • The business trip left me out-of-pocket by nearly $500.
  • These are out-of-pocket costs, so keep your receipts.

Advanced Usage

• "out-of-pocket maximum": In health insurance, this is a cap on the amount of money a policyholder is required to pay for covered healthcare services in a plan year. After this limit is reached, the insurance plan pays 100% of the allowed amount.
  • Once I meet my out-of-pocket maximum, my insurance will cover everything.

Variants and Related Words

• Out-of-pocketness (noun, rare): The state or quality of being an out-of-pocket expense.
• Out of pocket (adverbial phrase): In a state of having lost personal money.
  • I will be out of pocket until the company repays me.

Synonyms

• Unreimbursed: Not paid back.
• Out-of-pocket is often used as its own specific synonym in financial contexts. Related concepts include personal expenditure and direct cost.

Related Phrases

• Pay out of pocket: To pay for something with one's own money at the point of service.
  • We had to pay out of pocket for the car repairs.

Notes

• The term is almost always hyphenated when used as an adjective before a noun (e.g., ). It may not be hyphenated when used predictively or adverbially (e.g., ).
• It specifically refers to cash or liquid assets, not overall net worth or credit.

Học thuật

Adjective

1. calling for the spending of cash
   • his out-of-pocket costs were $10