Approved Expenditure
/əˈpruːvd ɪkˈspɛndɪtʃər/
Definitions
- (n.) An expenditure that has been formally authorized as conforming to legal or contractual requirements, often enabling reimbursement or recognition in accounting.
The finance department confirmed the payment as an approved expenditure under the contract terms.
Forms
- approved expenditure
- approved expenditures
Related terms
See also
Commentary
The term typically arises in public finance and contract law, denoting costs that meet prescribed approval procedures for legitimacy and compensation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.