erstatungsfähig

The term "erstatungsfähig" is a German adjective that translates to "reimbursable" or "compensable" in English. It describes an expense, cost, or loss that qualifies for repayment or compensation by a specific party, typically according to a pre-established set of rules, a contract, or a legal framework.

This concept is frequently encountered in contexts such as insurance, employment, and corporate finance. For instance, costs incurred by an employee during a business trip, like hotel stays or public transport tickets, are often "erstatungsfähig" by their employer as per the company's travel expense policy. Similarly, in an insurance context, the damage caused by an insured event is "erstatungsfähig," meaning the insurance company is obligated to cover the financial loss up to the policy limits.

The determination of what is "erstatungsfähig" is not arbitrary. It is strictly defined by the terms and conditions of the relevant agreement or regulation. Supporting documentation, such as receipts or detailed reports, is almost always required to prove that the expense was necessary and legitimate. Items or costs that fall outside the defined scope, are considered personal, or lack proper verification are deemed "nicht erstattungsfähig" (non-reimbursable).

In summary, "erstatungsfähig" is a key legal and financial term that establishes the criteria for which costs can be legally claimed back, providing clarity and structure for financial transactions and obligations.