Reimbursement is
the act of compensating an individual or entity for an out-of-pocket expense
they incurred on behalf of another party. In the business and HR context, it
most commonly refers to an employer paying an employee back for necessary,
work-related costs that the employee initially paid with their own money.
The process is governed by a
company's expense policy and requires the employee to submit evidence (like
receipts) to substantiate the expense.
