Reimbursable Expense
/rɪˈɪmbərsəbəl ɪkˈspɛns/
Definitions
- (n.) A cost or charge that an entity is entitled to recover from another party, typically under contract or law.
The contractor submitted a claim for the reimbursable expenses incurred during the project.
Forms
- reimbursable expense
- reimbursable expenses
Related terms
See also
Commentary
Reimbursable expenses are often detailed explicitly in contracts to clarify what costs a party may recover; precise drafting can prevent disputes over eligibility of expenses.
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.