Expense Account

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Expense Account

An account a company keeps with a budgeted amount of money in it to allow an employee to pay expenses on a business trip. For example, a company may authorize an employee to use a company credit card to pay for hotel, food and similar expenses while she attends a marketing event. Less commonly, an expense account refers to a situation in which an employee spends his/her own money and receives a reimbursement from the employer.

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