out-of-pocket expenses - Business Definition
The American Heritage® Dictionary of Business Terms Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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.
out-of-pocket expenses - Legal Definition
Webster's New World Law Dictionary Copyright © 2010 by Wiley Publishing, Inc., Hoboken, New Jersey.
Costs for necessary items, usually made in cash, and reimbursable at a later time.
Used by arrangement with John Wiley & Sons, Inc.