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Saturday 7 May 2011

what is reumbursment

Reimbursement is the act of compensating someone for an
expense[citation needed]. Often, a person is reimbursed for
out-of-pocket expenses when the person incurs those
expenses through employment or in a account of carrying out
the duties for another party or member.

Common examples are firms compensating individuals who buy
supplies for their companies, or firms compensating
employees on field or out-of-town assignments who pay for
their stay and transportation.

Reimbursement can be of many types like day care, mobile
expense, transport, medical expense, study expenditure

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