What context can I use each word in?
Learn when and how to use these words with these examples!
reimbursement
Example
The company will provide reimbursement for any travel expenses incurred during the business trip. [reimbursement: noun]
Example
I need to submit my receipts for reimbursement of the conference registration fee. [reimbursement: noun]
repayment
Example
I need to make a repayment on my student loan this month. [repayment: noun]
Example
He promised to repay the money he borrowed from his friend by the end of the month. [repay: verb]
Good things to know
Which word is more common?
Reimbursement is more commonly used in business or work-related contexts, while repayment is more commonly used in personal finance or borrowing situations.
Whatโs the difference in the tone of formality between reimbursement and repayment?
Reimbursement is typically associated with a formal tone, while repayment can be used in both formal and informal contexts.
