What does reimbursement mean?
Reimbursement is money paid to an employee or customer, or another party, as repayment for a business expense, insurance, taxes, or other costs. Business expense reimbursements include out-of-pocket expenses, such as those for travel and food. Tax refunds are a form of reimbursement from the government to taxpayers.
What is the right spelling of reimbursement?
[ ree-im-burs-muhnt ] SHOW IPA. / ˌri ɪmˈbɜrs mənt / PHONETIC RESPELLING.
How do you use reimburse in a sentence?
We will reimburse all costs. Travel expenses will be reimbursed. reimburse sb for sth Your employer should reimburse you for any expenses incurred. Our company will reimburse you for the full extent of the damage.
Can you reimburse me meaning?
If you reimburse someone for something, you pay them back the money that they have spent or lost because of it. If you reimburse someone for something, you pay them back the money that they have spent or lost because of it.
What’s another word for reimbursement?
Some common synonyms of reimburse are compensate, indemnify, pay, recompense, remunerate, repay, and satisfy. While all these words mean “to give money or its equivalent in return for something,” reimburse implies a return of money that has been spent for another’s benefit.
What is meant by ouster?
1a : a wrongful dispossession. b : a judgment removing an officer or depriving a corporation of a franchise. 2 : expulsion.
What’s an antonym for reimburse?
What is the opposite of reimburse?
| repudiate | refuse to pay |
|---|---|
| withhold payment | deny payment to |
Is refund and reimbursement the same?
As verbs the difference between reimburse and refund is that reimburse is to compensate with payment; especially, to repay money spent on one’s behalf while refund is to return (money) to (someone); to reimburse.
What is another name for reimburse?
Some common synonyms of reimburse are compensate, indemnify, pay, recompense, remunerate, repay, and satisfy.
What is the difference between payment and reimbursement?
As nouns the difference between payment and reimbursement is that payment is (uncountable) the act of paying while reimbursement is (business|management|accounting) the act of compensating someone for an expense.
How to complete a claim for reimbursement?
Specify the purpose of the letter.
Definition of reimburse. transitive verb. 1 : to pay back to someone : repay reimburse travel expenses. 2 : to make restoration or payment of an equivalent to reimburse him for his traveling expenses.
What does right of reimbursement mean?
The right to reimbursement means that if it is alleged that any third party caused or is responsible for a sickness or injury for which you receive a settlement, judgment, or other recovery from any third party, you must use those proceeds to fully return to the Plan 100% of any benefits you receive for that sickness or injury.
What is reimbursement process?
Reimbursement is a two-step process. The first step is applying for eligibility. If eligibility is granted, owners may make claims against the Fund by filing claim applications documenting costs expended for corrective actions.
