out-of-pocket expenses

out-of-pocket expenses definition - business

out-of-pocket expenses

Personal or job-related expenditures paid by an individual. Unreimbursed job-related expenditures and out-of-pocket expenses involved in charity work are permitted as deductions in calculating taxable income.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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