out-of-pocket

adjective [before noun]

Definition

› 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)

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