Compensable Expense
/ˌkɒmpənˈseɪbəl ɪksˈpɛns/
Definitions
- (n.) An expense eligible for reimbursement under a contract or legal provision.
The contractor submitted all compensable expenses for review before payment.
- (n.) Costs that a party must pay as part of damages or indemnification.
The settlement covered all compensable expenses arising from the breach.
Forms
- compensable expense
- compensable expenses
Related terms
See also
Commentary
Typically used in contracts to specify which costs may be recovered; define clearly to avoid ambiguity in reimbursable clauses.
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.