Reimbursements

Reimbursements are compensation paid for money already spent. Payments made for money already spent (for example, a company pays an employee for the cost of travel or supplies after the employee has spent his or her own money).

Definition

According to the HRBoK Guide,

Reimbursements. Compensation paid for money already spent. Payments made for money already spent (for example, a company pays an employee for the cost of travel or supplies after the employee has spent his or her own money).