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Definitions from the Web

Term: Reimbursement

A reimbursement refers to the act of compensating someone for an expense or loss they have incurred.

Noun

Sense 1:

An amount of money that is repaid to someone as compensation for an expense.

Sample Sentence: John submitted the receipts and received a reimbursement for his business travel expenses.

Related Products: Reimbursement Software, Receipt Scanners

Sense 2:

The process or act of repaying someone for an expense.

Sample Sentence: The company has a strict policy on reimbursement, ensuring prompt payment for all approved expenses.

Related Products: Reimbursement Process Books, Business Expenses Management

Verb

Sense 1:

To repay someone for an expense they have incurred.

Sample Sentence: The company promises to reimburse all employees for their valid travel expenses.

Related Products: Expense Report Templates, Budget Tracking Tools

Sense 2:

To compensate someone for a loss or damage they have suffered.

Sample Sentence: The insurance company will reimburse Mary for the repairs on her car after the accident.

Related Products: Insurance Claim Forms, Car Repair Services