out-of-pocket expense
n.
A necessary expense paid directly by a person who intends to recover the cost from someone else at a later time (such as when a tenant pays for repairs to rental property and expects reimbursement from the landlord).

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


out-of-pocket expense
An expense paid from an individual's own funds.
Category: Business, LLCs & Corporations
Category: Personal Finance & Retirement

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • out-of-pocket expense — Expense which one is compelled to incur and pay …   Ballentine's law dictionary

  • Out-Of-Pocket Expenses — An expense incurred and paid for by an individual for personal use, or relating to one s employment or business. This can also relate to ongoing costs of operating a fixed asset, such as a car or a home. Some out of pocket expenses may be… …   Investment dictionary

  • out of pocket — expense paid from personal funds    Larry is out of pocket for the team lunch at McDonald s …   English idioms

  • out-of-pocket — adj. Out of pocket is used with these nouns: ↑cost, ↑expense …   Collocations dictionary

  • expense — [n] cost, payment amount, assessment, bite*, bottom line*, budget, charge, consumption, debit, debt, decrement, deprivation, disbursement, duty, expenditure, forfeit, forfeiture, insurance, investment, liability, loan, loss, mortgage, obligation …   New thesaurus

  • expense — noun 1 cost/money spent on sth ADJECTIVE ▪ considerable, enormous, great, huge, significant, vast ▪ added, additional, extra …   Collocations dictionary

  • expense — That which is expended, laid out or consumed. An outlay; charge; cost; price. The expenditure of money, time, labor, resources, and thought. That which is expended in order to secure benefit or bring about a result. Shinrone Farms, Inc. v. Gosch …   Black's law dictionary

  • expense — That which is expended, laid out or consumed. An outlay; charge; cost; price. The expenditure of money, time, labor, resources, and thought. That which is expended in order to secure benefit or bring about a result. Shinrone Farms, Inc. v. Gosch …   Black's law dictionary

  • pocket — pocketless, adj. pocketlike, adj. /pok it/, n. 1. a shaped piece of fabric attached inside or outside a garment and forming a pouch used esp. for carrying small articles. 2. a bag or pouch. 3. means; financial resources: a selection of gifts to… …   Universalium

  • expense — I (Roget s IV) n. 1. [Whatever is paid out] Syn. expenditure, cost, price, outlay, charge, fee, payment, outgo, disbursement, alimony, child support, value, worth, sum, amount, risk, capital, rate, custom, excise, tax, carrying charge, budgeted… …   English dictionary for students

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