Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “out-of-pocket”

out-of-pocket

adjective [before noun]    
FINANCE out-of-pocket costs, expenses, etc. are ones you have to pay yourself, rather than being paid by the company or organization you are working for: out-of-pocket expenses/costs Employees will be reimbursed for any out-of-pocket expenses.
US INSURANCE out-of-pocket medical costs are not included in the price of health insurance: Under the current program, employees pay up to $7,000 in out-of-pocket costs before full coverage kicks in.
(Definition of out-of-pocket adjective from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of out-of-pocket

More Business English definitions for “out-of-pocket”

Word of the Day

sail

When a boat or a ship sails, it travels on the water.

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More