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Reimbursement
REIMBURSEMENT

Definition: Money that is paid back to somebody which they have spent or lost.
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* All eight elements would be in.


1. Purposeful and necessary.

2. In an agreement or by a mutual understanding, entered into before the expenditure.

3. Evidence of use or loss is provided (id demanded) before the repayment.

4. A value for money is got or will be got for what money is/will be expended on. And loss is/will not be a careless or thoughtless one.
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... NOT EXACTLY A REFUND.



5. A request is or will be made to be reimbursed (connect to #3).

6. Request is not doubted or queried and payment is therefore made quickly or timely.

7. Amount submitted as claim and sum paid back is correct, complete (connect to #6).

8. Payment serves purpose(s).
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>>> ORDINARILY HAS NO LIMITS.

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