out-of-pocket Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

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/  us   /ˌaʊt̬.əvˌpɑː.kɪt/
used about ​money that you have to ​spend yourself ​rather than having it ​paid for you, for ​example by ​youremployer or ​insurancecompany: All out-of-pocket expenses will be ​reimbursed by the ​company. Under the new ​scheme, there are no out-of-pocket costs for ​preventativemedicalcare.
(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 ​medicalcosts are not ​included in the ​price of ​healthinsurance: Under the ​currentprogram, ​employeespay up to $7,000 in out-of-pocket ​costs before ​fullcoverage kicks in.
(Definition of out-of-pocket from the Cambridge Business English Dictionary © Cambridge University Press)
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“out-of-pocket” in Business English

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