Reimbursable Out-Of-Pocket Costs

Reimbursable Out-Of-Pocket Costs: Cash payments that an individual or company incurs on behalf of the company, and that will be refunded sometime in the future. While some of these costs may have personally benefited the employees, companies are willing to repay employees for incurring these expenses, because they come about as a result of performing their job.
A reimbursable out-of-pocket cost for a sales representative could be a restaurant bill from courting a potential client or the cost of gas to drive to a sales course in a neighboring city.

Most companies have guidelines to help employees determine what expenses are considered reimbursable out-of-pocket costs and which are not. Usually, employees will have to retain receipts and give detailed explanations for their purchases.

Игры ⚽ Нужен реферат?

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
Health care system — A health care system is the organization of people, institutions, and resources to deliver health care services to meet the health needs of target populations. There is a wide variety of health care systems around the world, with as many… … Wikipedia
Business speak — Business speak, also management speak refers to a particular syntax often used in large organizations. The tone is associated with managers of large corporations, business management consultants, and occasionally government. The term is typically … Wikipedia

Academic Dictionaries and Encyclopedias