Meaning of the word reimbursement in English

What does reimbursement mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

reimbursement

US /ˌriː.ɪmˈbɝːs.mənt/
UK /ˌriː.ɪmˈbɜːs.mənt/
"reimbursement" picture

Noun

the act of paying back money to someone for expenses they have incurred

Example:
Please submit your receipts for reimbursement.
The company offers full reimbursement for travel expenses.