Expense recovery

Expense recovery,

Definition of Expense recovery:

  1. An action undertaken by a company to recover money it has overpaid to other businesses. The company may have overpaid due to a clerical error on its part, or because the company it paid overbilled for services rendered. For example, a company might audit its utility bills for several recent billing cycles to determine if it was overcharged for energy used.

Meaning of Expense recovery & Expense recovery Definition