reimbursement

/,ri:im'bə:smənt/

Thân thiện

He submitted the receipts for reimbursement of his business trip.

Definition

Noun: 1. The act of repaying money to someone for expenses they have already paid: The compensation paid to a person for money they have spent, typically for business, medical, or other approved costs. 2. The sum of money that is paid back: The specific amount of money returned to cover incurred expenses.

Examples of Usage

• Noun:
  • Employees can submit their receipts for reimbursement. (Employees can submit receipts to get their money back.)
  • The company offers full reimbursement for approved training courses. (The company will pay back the full cost of approved courses.)
  • He filed a claim for travel reimbursement. (He submitted a request to get his travel expenses paid back.)

Advanced Usage

• "To be eligible for reimbursement": To qualify or meet the requirements to have one's expenses paid back.
  • Keep all your receipts to be eligible for reimbursement.
• "Subject to reimbursement": Dependent on or conditional upon repayment.
  • These costs are subject to reimbursement upon manager approval.

Variants and Related Words

• Reimburse (verb): To pay money back to someone for expenses they have incurred.
  • The company will reimburse you for your mileage.
• Reimbursable (adjective): Describing an expense that can or should be paid back.
  • Only business meals are reimbursable expenses.

Synonyms

• Repayment: The action of paying back a sum of money.
• Refund: A repayment of money, often for a returned product or cancelled service.
• Compensation: Something, typically money, awarded to someone for loss, injury, or incurred expenses.

Related Phrases

• Reimbursement policy: The official rules set by an organization detailing which expenses will be paid back and the process for claiming them.
  • Please review the company's reimbursement policy before booking travel.
• Reimbursement schedule: The timeline or plan for when repayments will be made.
  • The reimbursement schedule is typically within 30 days of submitting the claim.

Học thuật

Noun

1. compensation paid (to someone) for damages or losses or money already spent etc.
   • he received reimbursement for his travel expenses