Reimbursing: meaning, definitions and examples

financial transaction

Reimbursing refers to the act of repaying someone for expenses they have incurred. It often occurs in contexts like reimbursement for business travel, medical expenses, or any incurred costs that require compensation. Typically, an individual or organization will submit a request for reimbursement after paying out of pocket for a qualifying expense. The reimbursements are usually processed through accounting systems. This ensures that employees or individuals are not financially burdened by costs incurred on behalf of their employer or for approved activities.

compensating, recompensing, refund, repaying

Examples of usage

• The company is reimbursing employees for their travel costs.

• She submitted her receipts for reimbursing her medical expenses.

• After the meeting, they discussed reimbursing the participants for their parking fees.