What is the term for repayment of money to an employee who has spent their own money for business expenses?

The correct term for repayment of money to an employee who has spent their own money for business expenses is reimbursement. This process ensures that employees are not financially burdened for expenses incurred while performing their job duties. When an employee uses personal funds to cover business-related costs, such as travel, supplies, or other necessary expenses, the company compensates them by refunding those amounts. This helps maintain transparency and accountability in financial practices within a business.

Salary and bonus refer to payments made to employees for their work and performance, but they do not relate specifically to the reimbursement of expenses. An expense account is a broader term that can refer to the overall system and method used for tracking and managing expenses rather than the act of repayment itself. Thus, reimbursement clearly defines the specific action of repaying an employee for out-of-pocket business expenses incurred in the course of their work.