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Definitions from the Web

Term: Reimbursement

Definition

Reimbursement refers to the act of repaying someone for an expense or loss they have incurred.

Senses and Usages

1. Noun: Financial Compensation

In the context of finances, reimbursement is the act of compensating an individual or organization for money spent or losses suffered.

Example Sentence: The company provided swift reimbursement for the employee's travel expenses.

2. Noun: Medical Expenses

In the healthcare sector, reimbursement refers to the payment made to medical service providers by insurance companies or government programs for the covered expenses incurred by patients.

Example Sentence: After undergoing surgery, she submitted the medical bills to the insurance company for reimbursement.

3. Verb: Provide Compensation

As a verb, reimbursement signifies the action of compensating or refunding someone for an outlay or loss.

Example Sentence: The airline will reimburse you for the damaged luggage.

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