Reimbursement

Reimbursement – in the area of Real Estate investment for example, this term details financial compensation for previously invested funds on failed development. Reimbursement could be pursued in court as well – for instance, via submitting a damage claim in Tort Law, where the injured pursues reimbursement for expenses made for recovery, as well for non-material injuries. Synonyms are “compensation” and “remuneration”. So, to conclude, reimbursement could occur for: money already invested; for damages occurred; for loses occurred.

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