What is another synonym for reimburse?
Some common synonyms of reimburse are compensate, indemnify, pay, recompense, remunerate, repay, and satisfy. While all these words mean “to give money or its equivalent in return for something,” reimburse implies a return of money that has been spent for another’s benefit. reimbursed employees for expenses.
What is the antonym of repaid?
riːˈpeɪ) Make repayment for or return something. Antonyms. take pay cash default nonpayment. give requite.
What are two antonyms for compensate?
antonyms for compensate
What do you mean by reimburse?
to pay back to someone
transitive verb. 1 : to pay back to someone : repay reimburse travel expenses. 2 : to make restoration or payment of an equivalent to reimburse him for his traveling expenses. Other Words from reimburse Synonyms Choose the Right Synonym More Example Sentences Learn More About reimburse.
Is it repayed or repaid?
Repaid is the past tense and past participle of repay.
What’s the meaning of renumeration?
remuneration \rih-myoo-nuh-RAY-shun\ noun. : the act or fact of paying an equivalent to for a service, loss, or expense : recompense, pay.
What’s the difference between reimburse and refund?
If you return an item that you bought to a merchant to Exchange it for the money you purchased it with then you are getting a refund. If you are being given money for expenses that you have on behalf of someone then you are getting a reimbursement.
What is reimbursement example?
Reimbursement is when a business pays back an employee, client, or other people for money they spent out of their pocket or for overpaid money. Some examples are getting money back for business costs, insurance premiums, and overpaid taxes.
How do you reimburse?
A step-by-step guide to employee expense reimbursement
- Form a policy for the expense reimbursement process. …
- Determine what expenses employees can claim. …
- Create a system for collecting employee expense claims. …
- Verify the legitimacy of expenses. …
- Pay reimbursements within a specified timeframe.
What is it called when you get your money back?
To refund is to give money back, especially when someone isn’t satisfied with an item they bought or the service they got.
Is a reimbursement a payment?
Key Takeaways. Reimbursement is money paid to an employee or customer, or another party, as repayment for a business expense, insurance, taxes, or other costs. Business expense reimbursements include out-of-pocket expenses, such as those for travel and food.
What is the difference between reimbursement and disbursement?
Disbursement of funds is not the same as reimbursement. The term “reimbursement” refers to the payment refunded for the original disbursement. When a business sends a disbursement on behalf of a client, the reimbursement is what the client pays to the company as a refund for the original payment.
What is reimbursement payment?
Reimbursement is money paid to an employee or customer, or another party, as repayment for a business expense, insurance, taxes, or other costs.
How do you ask for reimbursement?
- Give an explanation for requesting the refund or reimbursement.
- Request the refund or reimbursement.
- If you have enclosed receipts or other documents for reimbursement, tell the reader about them.
- Explain how or when you want to receive the refund or reimbursement and thank the reader.
What does reimbursement mean in healthcare?
Healthcare reimbursement describes the payment that your hospital, healthcare provider, diagnostic facility, or other healthcare providers receive for giving you a medical service. Often, your health insurer or a government payer covers the cost of all or part of your healthcare.
What is reimbursement in accounting?
A reimbursement is a payment made to another party that has incurred an expense on behalf of the paying entity. Reimbursements are commonly made to employees via their expense reports when they expend funds on behalf of their employers.
How do I get reimbursed from benefits?
Call Via Benefits to request a Reimbursement Request Form which will be mailed to your home address on file. Follow the instructions on the Reimbursement Request Form and make sure you provide all the required information. If you have questions, call Via Benefits for help.
How do you write an email for reimbursement?
I am writing this letter to request you for reimbursement of the ________ (travel/ meal/ uniform/ any other) that was spent by me on __/__/____ (date) for the __________ (mention details) amounting __________ (mention amount). Therefore, I request you to kindly reimburse the mentioned amount.