Out-of-pocket expense

{
  "id": "MLC-T-LAW-003587",
  "term": "Out-of-pocket expense",
  "field": "Law",
  "definition": "Costs directly paid by an individual or entity rather than being reimbursed by an insurer, employer, or other third party. These expenses are often incurred for medical services, business travel, or other personal or professional needs. Deductibles and co-payments in insurance plans are common examples of out-of-pocket expenses.",
  "url": "https://mlchart.com/terminology/law/out-of-pocket-expense/"
}