Reimbursement vs. Refund — What's the Difference?

Reimbursement is the act of compensating someone for an out-of-pocket expense by giving them an amount of money equal to what was spent.Companies, governments and nonprofit organizations may compensate their employees or officers for necessary and reasonable expenses; under US law, these expenses may be deducted from taxes by the organization and treated as untaxed income for the recipient provided that accountability conditions are met. UK law provides for deductions for travel and subsistence.

To give back, especially money; return or repay

To repay (money spent); refund.

To make repayment.

To pay back or compensate (another party) for money spent or losses incurred.

A repayment of funds.

The act of compensating someone for an expense.

An amount repaid.

The act reimbursing.

(transitive) To return (money) to (someone); to reimburse.

Compensation paid (to someone) for damages or losses or money already spent etc.;

To supply (someone) again with funds.

To pour back (something).

An amount of money returned.

To fund again or anew; to replace (a fund or loan) by a new fund; as, to refund a railroad loan.

To pour back.

To give back; to repay; to restore.

To supply again with funds; to reimburse.

Money returned to a payer

The act of returning money received previously

Pay back;