REIMBURSING Meaning and
Definition
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Reimbursing is a verb that refers to the act of compensating someone for expenses they have incurred or for financial losses they have experienced. It involves repaying or refunding the costs or payments made by an individual or organization on behalf of another party. The purpose of reimbursing is to restore the individual or organization to the same financial position they were in prior to incurring the expenses.
Reimbursing typically occurs in various contexts, such as insurance claims, employee expenses, travel costs, or contractual agreements. For example, in an insurance claim scenario, an insured individual files a reimbursement request to the insurance company for medical expenses or property damages that were covered under their policy. The insurance company then evaluates the claim and if approved, reimburses the insured for the expenses incurred.
In the case of employee expenses, companies may have policies in place that allow employees to be reimbursed for authorized costs such as travel, meals, or office supplies. Employees typically submit expense reports with receipts and relevant documentation, and upon approval, the company reimburses them for the eligible expenses.
In contractual arrangements, reimbursing may involve one party compensating the other for costs or losses incurred during the fulfillment of an agreement. This can include material costs, labor fees, or other direct expenses that are agreed upon in the contract.
Overall, reimbursing involves the act of providing financial compensation to individuals or organizations for expenses they have already paid, with the aim of restoring their financial state prior to incurring those expenses.
Top Common Misspellings for REIMBURSING *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for REIMBURSING
Etymology of REIMBURSING
The word "reimbursing" comes from the verb "reimburse". The term originated from the Old French word "reimbursen", which meant "to replace or repay". This Old French term was derived from the Latin word "reimburseare", where "re-" means "again" and "imburseare" means "to put in a purse". Therefore, the etymology of "reimbursing" suggests the idea of putting money back into one's purse or repaying a sum that was previously spent.
Conjugate verb Reimbursing
CONDITIONAL
I
would reimburse
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would reimburse
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he/she/it
would reimburse
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FUTURE
I
will reimburse
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will reimburse
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he/she/it
will reimburse
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FUTURE PERFECT
I
will have reimbursed
we
will have reimbursed
you
will have reimbursed
he/she/it
will have reimbursed
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will have reimbursed
PAST
I
reimbursed
we
reimbursed
you
reimbursed
he/she/it
reimbursed
they
reimbursed
PAST PERFECT
I
had reimbursed
we
had reimbursed
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had reimbursed
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had reimbursed
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had reimbursed
PRESENT
I
reimburse
we
reimburse
you
reimburse
he/she/it
reimburses
they
reimburse
PRESENT PERFECT
I
have reimbursed
we
have reimbursed
you
have reimbursed
he/she/it
has reimbursed
they
have reimbursed
I
am reimbursing
we
are reimbursing
you
are reimbursing
he/she/it
is reimbursing
they
are reimbursing
I
was reimbursing
we
were reimbursing
you
were reimbursing
he/she/it
was reimbursing
they
were reimbursing
I
will be reimbursing
we
will be reimbursing
you
will be reimbursing
he/she/it
will be reimbursing
they
will be reimbursing
I
have been reimbursing
we
have been reimbursing
you
have been reimbursing
he/she/it
has been reimbursing
they
have been reimbursing
I
had been reimbursing
we
had been reimbursing
you
had been reimbursing
he/she/it
had been reimbursing
they
had been reimbursing
I
will have been reimbursing
we
will have been reimbursing
you
will have been reimbursing
he/she/it
will have been reimbursing
they
will have been reimbursing
I
would have reimbursed
we
would have reimbursed
you
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he/she/it
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they
would have reimbursed
I
would be reimbursing
we
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you
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he/she/it
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they
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I
would have been reimbursing
we
would have been reimbursing
you
would have been reimbursing
he/she/it
would have been reimbursing
they
would have been reimbursing
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