Reimbursement

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Reimbursement

Payment made to someone for out-of-pocket expenses has incurred.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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A qualifying arrangement can reimburse for Medicare or Medicare supplemental policies.
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Dumas said many out-of-state companies she contacted reimburse employees up to $5,250, the maximum amount the Internal Revenue Service allows employees to receive without claiming it as income.
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Under this option, P would continue to reimburse all eligible retired employees for medical care, until all unused accumulated amounts are exhausted.
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Employers that relocate employees overseas often reimburse them for the added taxes they may incur in a foreign country.
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