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.ɪmˈbɝːs.mənt/

Noun

1.

the action of repaying a person who has spent or lost money.

Example:
reimbursement of everyday medical costs
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