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Reimbursing Meaning: Definition, Examples, and Translations

๐Ÿ’ธ
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reimbursing

[หŒriหษชmหˆbษœหrsษชล‹ ]

Definition

Context #1 | Verb

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.

Synonyms

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.

Translations

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Interesting Facts

Finance

  • In business, reimbursing employees for travel expenses is common practice to ensure they're not out of pocket.
  • Health insurance often reimburses patients for out-of-pocket costs related to medical treatments.

Social Norms

  • Reimbursing is considered polite and fair, fostering trust in friendships and financial transactions.
  • Many cultures emphasize the importance of repaying debts to maintain social harmony.

Legal Context

  • Reimbursement can be a legal requirement in contracts, especially in employment agreements.
  • Disputes often arise over reimbursement claims, highlighting the need for clear guidelines in transactions.

Pop Culture

  • Movies often portray humorous situations where characters forget to reimburse each other, leading to comedic tensions.
  • Reimbursement practices can be a plot point in shows centered around business or finance, reflecting real-world scenarios.

Origin of 'reimbursing'

Main points about word origin

  • The word 'reimburse' comes from the Latin roots 're-' meaning 'again' and 'imbursare' meaning 'to put in a purse'.
  • Originally used in financial contexts, the term has evolved to cover any act of repaying someone for expenses.

The word 'reimburse' originates from the Middle French term 'reimbourser', which itself combines the prefix 're-' meaning 'again' with the word 'bourser', which translates to 'to purse' or 'to wallet.' This historical context highlights the concept of returning funds, akin to putting money back into a purse after an expense has been paid out. The term began usage in English around the late 15th century, reflecting the evolving nature of financial transactions in society. As economic activities grew, the need for clear terms regarding financial repayment became pronounced, leading to the adoption of 'reimburse' in formal and informal settings, particularly in business and legal contexts.

Word Frequency Rank

At rank #26,418, this word represents specialized academic or technical vocabulary. It's less frequently encountered but may be valuable in specific contexts.