reimbursement

Reimbursement is the process of receiving payment back for expenses you’ve already paid out of pocket. For example, if you buy supplies for work or see a doctor and pay the bill yourself, you can submit a claim to your employer, insurance, or organization. Once approved, they will refund you the amount you've spent, often following specific guidelines or limits. Reimbursement ensures you’re compensated for costs incurred on behalf of or in support of an activity, service, or necessity, helping to cover expenses that are initially paid by you.