Reimbursing

Reimbursing refers to the act of compensating someone for expenses incurred or losses suffered. It involves restoring a person, company, or entity to their previous financial state by providing money or equivalent value. The process often necessitates providing receipts or other proof of expenditure and can cover a broad range of costs, from travel and medical bills to property damage and legal fees. It essentially signifies restoring a financial balance and making amends for a cost already paid or a loss already experienced.

Reimbursing meaning with examples

• The company's policy clearly outlines the procedure for reimbursing employees for business travel. After a recent conference, Sarah submitted her expense report, including receipts for flights, hotel, and meals. She was expecting her reimbursement promptly. The finance department, after reviewing the claims and proofs, approved her submission. Sarah received her reimbursement within a week, as promised.
• Following the car accident, insurance companies were responsible for reimbursing repair costs and any related medical bills. Michael had to provide photographic evidence of the damage. His insurance agent walked him through the claim submission and provided the needed documents. Finally, after investigation and verification of all damages, the insurance agency approved Michael’s reimbursement, alleviating some of his financial stress.
• As part of the customer satisfaction guarantee, the store was prepared to issue a full reimbursement if the product did not meet expectations. The customer, unhappy with a faulty appliance, returned it and presented the original receipt. Customer service representatives processed the return and offered options for a refund or a replacement of the faulty device. They ended up proceeding with the refund, therefore reimbursing the customer.
• The charity organization was dedicated to reimbursing victims of natural disasters for essential living expenses. After the earthquake, aid workers helped individuals submit claims. These claims for shelter, food, and medical care needed supporting documentation. The process of gathering and submitting documentation, as well as obtaining funds, was long and tedious, but offered support in a difficult time for victims.
• Before starting their new jobs, the new hires were informed that the company was also responsible for reimbursing any moving costs. John submitted his moving expenses with all the necessary documents, including invoices for the truck rental, packing supplies, and movers. After approval from the company, he was able to complete the settling in process. The reimbursement covered a large portion of moving expenses.