A comprehensive document detailing the expenses incurred by a salesperson or executive, including categories such as transportation, lodging, meals, and client entertainment, typically submitted for employer reimbursement.
An imprest account is a simple yet effective means of controlling petty-cash expenditure, ensuring accountability, efficiency, and proper tracking of minor day-to-day business expenses.
A provision in property insurance that determines the reimbursement amount for damaged or destroyed property based on the price a willing buyer would pay to a willing seller, rather than the property's actual cash value.
A comprehensive examination of the term 'Per Diem,' which refers to a daily allowance used for travel, entertainment, employee compensation, or miscellaneous business expenses.
An arrangement wherein a creditor agrees to satisfy certain financial obligations of a borrower, provided the borrower agrees to reimburse the creditor.
A payment made to an employee or another party to cover expenses or losses incurred. Common in corporate settings for expenses like travel and entertainment.
