Out-Of-Pocket Expenses

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Definition: Out-Of-Pocket Expenses

Out-Of-Pocket Expenses
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What is the dictionary definition of Out-Of-Pocket Expenses?

Dictionary Definition

n. moneys paid directly for necessary items by a contractor, trustee, executor, administrator or any person responsible to cover expenses not detailed by agreement. They may be recoverable from a defendant in a lawsuit for breach of contract; allowable for reimbursement by trustees, executors or administrators; or deductible by a landlord from a tenant’s security deposit for damages beyond normal wear and tear.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/out-of-pocket-expenses/
Modern Language Association (MLA):
Out-Of-Pocket Expenses. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 23, 2024 https://payrollheaven.com/define/out-of-pocket-expenses/.
Chicago Manual of Style (CMS):
Out-Of-Pocket Expenses. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/out-of-pocket-expenses/ (accessed: April 23, 2024).
American Psychological Association (APA):
Out-Of-Pocket Expenses. PayrollHeaven.com. Retrieved April 23, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/out-of-pocket-expenses/

Definition Sources

Definitions for Out-Of-Pocket Expenses are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 29th April, 2020 | 0 Views.