reimbursement

Definition

Paying back for out-of-pocket expenses, such as by an employer or an insurance company.

Use reimbursement in a sentence

After going out of town for a conference on technology, Gary had to submit a reimbursement form to get all money back for expenses.

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Though not granted a company credit card, my company provides prompt reimbursement of travel and entertainment expenses incurred upon submission my expense report.

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Jackie was happy to receive reimbursement from her health insurance company shortly after she submitted a claim for a new medication that was not covered by the company's formulary the first time she filled the prescription at the pharmacy.

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fee-for-service nonaccountable plan