Reimbursement

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Reimbursement

Payment made to someone for out-of-pocket expenses has incurred.

Reimbursement

The act or concept of repaying a person or organization for expenses it incurred that rightly belonged to another party. Reimbursement is common between employees and employers. For example, if an employee pays for his/her own hotel room while on a business trip, the employer will likely reimburse him.
References in periodicals archive ?
Question 3 asks whether an S corporation fails to be an eligible employer if it reimburses the health insurance policy premiums of 2% shareholders who are employees.
Ryanair chief executive Michael O'Leary had sparked fury by saying he would only reimburse travellers the original price of their air fare and no more.
Taking all this into account, the MSBA will reimburse us approximately $21 million.
The rules will also oblige banks to reimburse depositors whose savings were withdrawn with stolen bankbooks, the sources said.
The Government has been challenged to use a new Transport Bill to reimburse the North-East for the millions of pounds lost through pensioners' bus passes.
However, there is no sunflower futures market, so to reimburse farmers in the sunflower revenue assurance plan, the FCIC had been tying the prices to the soybean oil price on the Chicago Board of Trade.
The federal government and private drug plan sponsors will reimburse states that have provided drug coverage to Medicare beneficiaries since the Medicare Part D prescription drug benefit went into effect on Jan.
It is also used as a benchmark by some businesses and the government to reimburse employees for mileage.
In Situation 2, Trust's governing instrument requires the trustee to reimburse G, from Trust income or principal, for the amount of tax attributable to the inclusion of all, or part, of Trust's income in G's taxable income.
The employer must reimburse the worker for the improper deduction and make a good-faith commitment to comply in the future.
In that decision, we sustained the protest because the agency improperly accepted a quotation that failed to comply with a material inspection and acceptance requirement, and recommended, among other things, that "the agency reimburse CAMS the reasonable costs of filing and pursuing the protest, including attorney's fees.
NZNO IS increasingly being asked to reimburse members for time spent in participating in NZNO activities.