expense account


noun

an account of business expenditures, as travel, hotel room, meals, and entertainment connected with work, for which an employee will be reimbursed by an employer.

Origin of expense account

First recorded in 1870–75

Example sentences from the Web for expense account

British Dictionary definitions for expense account

expense account

noun

an arrangement by which expenses incurred in the course of a person's work are refunded by his employer or deducted from his income for tax purposes
a record of such expenses
(modifier) informal paid for by an employer or by money allowable against tax an expense-account lunch

Cultural definitions for expense account

expense account

An account or list of expenses incurred in doing business outside the office, part of which is a tax deduction. The term often applies to lunches or dinners at which business deals are made and clients entertained.