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Definitions from the Web

Reimbursement

Definition:

Reimbursement refers to the act of compensating someone or paying them back for an expense or loss incurred. It is a process of repaying the individual or organization for the money spent.

Parts of Speech:

• Noun

Senses:

1. Compensation for expenses incurred.

Usages:

Popular:

Reimbursement is commonly used in various scenarios, such as:

• Employee Expense Reimbursement: Employers reimbursing employees for work-related expenses like travel, meals, or office supplies.
• Medical Expense Reimbursement: Insurance companies reimbursing policyholders for medical expenses covered under their insurance plans.
• Travel Expense Reimbursement: Companies refunding employees for travel expenses during business trips.

Local:

In some regions, reimbursement may refer to:

• Tuition Reimbursement: Educational institutions providing refunds to students for their educational expenses.
• Government Reimbursement: Government agencies compensating individuals or organizations for specific services or losses incurred.

Sample Sentences:

• He submitted his travel expenses for reimbursement.
• The insurance company promised quick reimbursement for the medical bills.
• Our organization provides tuition reimbursement for qualified students.

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