Out-Of-Pocket Expense
/ˌaʊt əv ˈpɒkɪt ɪkˈspɛns/
Definitions
- (n.) A cost paid directly by an individual, rather than covered by insurance or reimbursed, often in legal or insurance contexts.
The plaintiff claimed reimbursement for her out-of-pocket expenses incurred during the trial.
Commentary
Typically refers to expenses that a party must personally bear, critical in calculating damages or insurance claims; ensure clarity whether the term covers all direct payments or only those unreimbursed.