Out-Of-Pocket Expenses

Out-Of-Pocket Expenses
An expense incurred and paid for by an individual for personal use, or relating to one's employment or business. This can also relate to ongoing costs of operating a fixed asset, such as a car or a home.

Some out-of-pocket expenses may be reimbursed by an employer or other group if the expense is incurred directly on their behalf. In addition, some out-of-pocket expense categories can be deducted from one's personal income taxes.

Common examples of out-of-pocket expenses include gasoline for a car, taking a business client to lunch and certain medical payments such as prescription costs. Income tax deductions are often available for expenses related to education, healthcare, home upkeep and charitable donations. While tax deductions don't represent a direct reimbursement, there is an ancillary benefit to paying what is typically something that must be paid anyway.


Investment dictionary. . 2012.

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  • Out-of-pocket expenses — are direct outlays of cash which may or may not be later reimbursed. In operating a vehicle, gasoline, parking fees and tolls are considered out of pocket expenses for the trip. Insurance, oil changes, and interest are not, because the outlay of… …   Wikipedia

  • out-of-pocket expenses — {n. phr.} Expenses one has to pay for oneself, not the company that sends one on a given assignment, such as tips for waiters, cab drivers, etc. * /Luckily, my out of pocket expenses didn t amount to more than $15./ …   Dictionary of American idioms

  • out-of-pocket expenses — {n. phr.} Expenses one has to pay for oneself, not the company that sends one on a given assignment, such as tips for waiters, cab drivers, etc. * /Luckily, my out of pocket expenses didn t amount to more than $15./ …   Dictionary of American idioms

  • out-of-pocket expenses — n. Costs for necessary items, usually made in cash, and reimbursable at a later time. Webster s New World Law Dictionary. Susan Ellis Wild. 2000. out of pocket expenses …   Law dictionary

  • out-of-pocket expenses — UK US noun [plural] money that you use to pay for things that you need, but which you can get back from the person or organization that is responsible for paying Thesaurus: unspecified amounts of moneyhyponym large amounts of moneysynonym …   Useful english dictionary

  • out-of-pocket\ expenses — n. phr. Expenses one has to pay for oneself, not the company that sends one on a given assignment, such as tips for waiters, cab drivers, etc. Luckily, my out of pocket expenses didn t amount to more than $15 …   Словарь американских идиом

  • out-of-pocket expenses — out of pocket ex penses n [plural] small amounts of money that you have to spend as part of your job, and get back from your employer …   Dictionary of contemporary English

  • out-of-pocket expenses — out of pocket ex penses noun plural money that you use to pay for things that you need, but which you can get back from the person or organization responsible for paying …   Usage of the words and phrases in modern English

  • out-of-pocket expenses —    Money that is paid directly for necessary items by an employee, contractor, trustee, executor or any other responsible person to cover expenses that are not specifically detailed by agreement …   Business law dictionary

  • out-of-pocket expenses — noun (plural) small amounts of money that you have to spend as part of your job, and get back from your employer …   Longman dictionary of contemporary English

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