RMB meaning in Accounts and Finance ?

Answer:

What is Reimburse mean?

Reimbursement is the act of compensating someone for an out-of-pocket expense by giving them an amount of money equal to what was spent.

Companies, governments and nonprofit organizations may compensate their employees or officers for necessary and reasonable expenses; under USlaw, these expenses may be deducted from taxes by the organization and treated as untaxed income for the recipient provided that accountability conditions are met. UK law provides for deductions for travel and subsistence. Reimbursement is also provided for supply, day care, mobile, medical, or education expenses, as determined by the payer. Similarly, a university, academic conference, or business conference may reimburse the expenses of an invited speaker or attendee.

Reimbursement is also used in insurance, when a provider pays for expenses after they have been paid directly by the policy holder or another party. This is especially relevant in health insurance, due to urgency, high costs, and administrative procedures which may cause a healthcare provider to incur costs pending reimbursement by a private or public provider (in the US, e.g., Medicare or a Health Reimbursement Account). Segments of the healthcare industry, such as medical device manufacturers, rely on reimbursement for income and produce resources assisting their customers (hospitals, physicians, etc.) in obtaining reimbursement.

Governments may reimburse taxpayers in several ways. A tax refund reduces the net tax paid, such as income tax, potentially to zero. Taxpayers may receive complete reimbursement for other taxes, such as for Value-added tax due to low income, subsequent export of the goods sold, or not being the final recipient. A local government may use reimbursement to reduce property taxes for a favored organization or low-income individual.

reference

Full Form	Category
Rockford Master's Commission	Academic & Science
Reimburse	Accounts and Finance
Buraimi	Airport Code
Renminbi (chinese Yuan)	Banking
Rand Merchant Bank	Banking
Rocky Mountain Bicycles	Business
Roadside Mail Box	Business
Recreation and Morale Benefits	Community
Royal Marine Band	Community
Renewed Mind Brother	Community
Reserve Memory Byte	Computer Assembly Language
Reserve Memory Block	Computer Assembly Language
Reserve Memory Bytes	Computing
Remote Management Board	Computing
Removable Media Bit	Computing
Rocky Mountain BASIC	Computing
Right Mouse Button	Computing
Rolling My Brain	General
Ren Ming Bi	General
Robert Mitchell Barton	General
Right Most Byte	General
Reuse of Modernist Buildings	General
Retrofit Mounting Brackets	General
Riley Motor B	General
Roger Michael Blockey	General
Royal Monaco Brougham	General
Rocky Mountain Books	General
Ready Made Blouse	General
Rolf Maier Bode	General
Ring My Bell	General
Right Mainstem Bronchus	General
Right Main Bronchus	General
Red Mud Buds	General
Raw Meaty Bones	General
Rural Mail Box	General
Raleigh Municipal Building	Governmental
RAMPURA BERI	Indian Railway Station
Rings My Bell	Internet
Remember	Messaging
Rub My Belly	Messaging
人民币	Regional
Ren Min Bi	Regional
Chinese Ren Min Bi	Regional
Read Memory Barrier	Softwares
Risk Management Board	Space Science
Requirements Management Board	Space Science
Real Madrid Baloncesto	Sports & Games
Rødovre Mighty Bulls	Sports & Games
Raw Meaty Bone	Stock Exchange
Restaurant Miniature Buffet	Transport & Travel