Full form: Reimbursement
Meaning: “the amount that is paid back.”
Common Abbreviations: Reimb.
Reimbursement – Meaning & Definition
This particular word is used as a noun within sentences. Reimbursement means to pay back. In other words, the Merriam-Webster Dictionary defines reimbursement as to pay someone an amount of money equal to an amount that person has spent.
For example,
1. There is an issue with the Medicare doctor reimbursement rates where at the end of the year every doctor that folks in this country use that provide Medicare services is going to get a 30 percent salary cut. (Kevin Yoder)
2. An independent agent can help you sort out property damage, liability and other car insurance policy features like medical payment reimbursement and reimbursement for injury caused to you by an uninsured or inadequately insured driver. (SaukValley.com)
Check Out: Abbreviation for Insurance
Suitable Ways to use Reimb. for Reimbursement
It is prohibited to use abbreviations like reimb. in academic essay or prose writings. However, you can find out an abbreviation for reimbursement on the reports related to business or accounting or on some cash reports.
You can also use this abbreviation in the areas where space is an issue, such as in headlines or newspaper headings.
1. Reimb. expense.
2. Reimb. for sale.
If you come across the plural of reimbursement, just remember to add an –s at the end of its abbrevaited term to make it pluralized. So,
The plural abbreviation = Reimbs.
What Did You Learn?
Hence, reimb. is the only common abbreviation for reimbursement. The plural abbreviation is reimbs. (i.e. just by adding an –s at the end).