Reimbursement

(redirected from reimburses)
Also found in: Dictionary, Thesaurus, Medical, Idioms.

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
References in periodicals archive ?
In Situation 2, where the governing instrument requires the trustee to reimburse G from Trust's assets for the amount of income tax paid by G, the full value of Trust's assets, $1,500,000, is includable in G's gross estate upon his death because G has retained the right to have Trust property expended in discharge of G's legal obligation.
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.
Under this option, P would continue to reimburse all eligible retired employees for medical care, until all unused accumulated amounts are exhausted.
In Situation 1, A is covered by an HDHP, a health FSA and an HRA that pay or reimburse medical expenses incurred before A satisfies the minimum annual deductible under Sec.
Employers that relocate employees overseas often reimburse them for the added taxes they may incur in a foreign country.