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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/
used about money that you have to spend yourself rather than having it paid for you, for example by your employer or insurance company: All out-of-pocket expenses will be reimbursed by the company. Under the new scheme, there are no out-of-pocket costs for preventative medical care.
(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)
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“out-of-pocket” in Business English

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