Meaning of “out-of-pocket” in the English Dictionary

"out-of-pocket" in British English

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out-of-pocketadjective [ before noun ]

uk /ˌaʊt.əvˌpɒk.ɪt ɪkˈspen.sɪz/ us /ˌaʊt̬.əvˌpɑː.kɪt ɪkˈspen.sɪz/

(Definition of “out-of-pocket” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"out-of-pocket" in Business English

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out-of-pocketadjective [ before noun ]

uk us

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” from the Cambridge Business English Dictionary © Cambridge University Press)