Expense Reimbursement
/ɪkˈspɛns rɪˌɪmbərsˈmɛnt/
Definitions
- (n.) Compensation paid to an individual or entity to cover costs incurred on behalf of another party, often in professional or contractual contexts.
The company processed the employee's expense reimbursement claim for travel costs.
Forms
- expense reimbursements
Related terms
See also
Commentary
Expense reimbursement clauses require precise descriptions of reimbursable costs to avoid disputes.
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.