reimbursement
noun
UK/ˌriː.ɪmˈbɜːs.mənt/
US/ˌriː.ɪmˈbɝːs.mənt/
Definitions of reimbursement noun
- CountableUncountable
The act of repaying money to someone who has spent or lost it on your behalf or due to your actions; also, the amount of money that is repaid.
He submitted a reimbursement claim for all his expenses incurred during the business trip.
The company usually processes the reimbursement of medical expenses within two weeks.
Customers can request a reimbursement or exchange if they are dissatisfied with the product they received.