Home > Terms > English, UK (UE) > Reimbursement financing
Reimbursement financing
An unemployment insurance financing system that allows employers to pay back to the state unemployment trust fund any benefits paid to their former employees, rather than paying a tax based on their experience rating. This form of financing is most often used by nonprofit groups and public sector employers.
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- Part of Speech: noun
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- Industry/Domain: Accounting
- Category: Payroll
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