Business Expense Law and Legal Definition
Business expense is a term for costs associated with employees who are required to travel or entertain for business purposes. Such costs may cover travel, hotels, registration fees, meals, and miscellaneous expenditures
To control costs and ensure ease of administration, most companies develop policies and procedures for company reimbursement of travel expenses. Some employers reimburse for actual expenses, while others pay a set daily amount to cover some or all costs (per diems). Travel and entertainment policies should specify what--and how much--the employer will pay for.
Legal Definition list
Related Legal Terms
- Additional Living Expense Insurance
- Administration Expenses [Probate]
- Administrative Expense Claim
- Affected Item of Business
- Affiliated Business Arrangement
- Agribusiness
- Allocated Loss Expense
- Allowable Medical Expenses
- Alternative Fuels Business
- Architectural and Transportation Barrier Removal Expenses [Internal Revenue]
