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As a noun it means "money that is paid back." The bank will refund your late fee. The rental car agency ran out of cars, so I got a refund. Reimburse is very similar in meaning to refund.
Reimbursement is when a business pays back an employee, client, or other people for money they spent out of their pocket or for overpaid money. Some examples are getting money back for business costs, insurance premiums, and overpaid taxes.
A Check Request form is used to obtain payment for goods and services outside of the standard accounts payable system. A Check Request (Exhibit A) can only be used for those approved items, as listed on the form, which cannot be procured through a competitive process, such as membership dues.
Reimbursement is used when the subject is paid back for travel expenses such as mileage, lodging, food while traveling. Compensation is "payment" for things such as time, discomfort, inconvenience.
As a noun it means "money that is paid back." The bank will refund your late fee. The rental car agency ran out of cars, so I got a refund. Reimburse is very similar in meaning to refund.
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A Reimbursement Form acts as a report of expenses incurred. The Reimbursement Form will include a description of each expense, the amount of the transaction, and the date the expense was incurred.
Check Requests Description: To request payment for a vendor (non-purchase order).
Key Takeaways. Reimbursement is money paid to an employee or customer, or another party, as repayment for a business expense, insurance, taxes, or other costs. Business expense reimbursements include out-of-pocket expenses, such as those for travel and food.
Fill in your first and last name in the \u201cRequested by\u201d cell. 5. Fill in the name and address of the entity whose name should appear on the check in the \u201cPay to\u201d and \u201cAddress\u201dcells respectively. If this is the first time a check has been issued to that person, a social security number is also needed.
Reimbursement Amount means, as to any Distribution Date, the sum of (i) all Insured Payments paid by the Certificate Insurer, but for which the Certificate Insurer has not been reimbursed prior to such Distribution Date pursuant to Section 5.02 of the Agreement, plus (ii) interest accrued on such Insured Payments not ...

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