Reimbursed Meaning: Definition, Examples, and Translations
๐ฐ
reimbursed
[riหษชmหbษหrst ]
Definition
financial context
Reimbursed refers to the act of compensating someone for an expense they have incurred. This term is commonly used in business and finance when employees pay for work-related expenses upfront and are later paid back by their employer. The reimbursement process typically requires the submission of receipts or proof of payment. It is important for both individuals and companies to keep accurate records of reimbursed amounts for accounting purposes.
Synonyms
compensated, refunded, remitted, repaid.
Examples of usage
- I was reimbursed for my travel expenses.
- The company reimbursed employees for their lunch bills.
- He applied to be reimbursed for the software purchase.
- Make sure to keep the receipts if you want to get reimbursed.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
Finance
- Many companies have reimbursement policies that outline how employees can get money back for work-related expenses.
- Common reimbursed expenses include travel costs, meals during business trips, and supplies purchased for a job.
Legal
- In legal contracts, reimbursement clauses specify when one party must repay another for expenses incurred.
- Reimbursement can also come into play in insurance claims, where policyholders are compensated for losses.
Psychology
- Receiving reimbursement can foster positive feelings in an employee, reinforcing trust and satisfaction.
- When people anticipate being reimbursed, it can impact their spending behavior, making them more likely to invest in certain experiences or purchases.
Pop Culture
- In many movies, characters often get reimbursed for unexpected expenses, turning a comedic situation into a lesson about finances.
- Various TV shows feature story arcs where characters deal with the frustration of not being reimbursed, adding drama and humor.
Origin of 'reimbursed'
Main points about word origin
- The word comes from the French 'rembourser', which means 'to reimburse or refund'.
- It originally contained the prefix 're-' indicating 'again' and the root 'boursier,' related to money in modern terms.
The word 'reimburse' is derived from the French word 'reimbourser', which means to refund or recompense. It first appeared in English in the early 17th century, with the prefix 're-' suggesting 'again' or 'back', and 'burse' relating to money or payment, which comes from the Medieval Latin term 'bursa', meaning purse. The concept of reimbursement itself has ancient roots, traced back to various cultures where financial settlements became necessary as trade and commerce evolved. As businesses grew, the need for formal reimbursement processes emerged, leading to the establishment of accounting standards that include reimbursement policies to ensure that employees were made whole for their expenditures. The term has since become a standard part of financial vocabulary across many industries.