Defrayed: meaning, definitions and examples

Etymology

• The word comes from the Middle French term 'desfraier', which means to pay off or settle costs.
• Early uses of the term appeared as far back as the 14th century, showing its long-standing presence in English.
• The prefix 'de-' often implies removal or reversal, so 'defray' suggests taking away costs.

Finance

• In budgeting, defraying costs is essential for managing expenses effectively and ensuring financial health.
• Many educational institutions aim to defray the costs of tuition through scholarships and grants.
• Insurance often helps defray the costs of medical expenses, making healthcare more accessible.

Legal Context

• In contract law, a party might defray expenses related to service delivery or project execution.
• Defrayment clauses in contracts specify how and when expenses will be reimbursed to ensure transparency.
• Legal settlements often involve defraying costs incurred by both parties during a dispute.

Cultural Insights

• Many non-profit organizations rely on donations to defray costs associated with community services and outreach.
• Crowdfunding platforms help individuals and businesses defray costs for projects or products by gathering small contributions from many people.
• Potluck events in communities serve to defray the costs of feeding large groups by sharing the responsibility among attendees.

Positioned at #20,050, this word is part of extensive vocabulary. It's relatively rare in general usage but may be important in specific fields or formal writing.

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• 20048 sublimity
• 20049 combatant
• 20050 defrayed
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• 20053 shaven
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