ECONOMICS

Detailed explanation-1: -Out of pocket cost or expenses is a cost that requires cash payment to the outsiders in a particular period or accomplishing a project. Out of pocket expense is the actual out flow of cash from the organization.

Detailed explanation-2: -Out of pocket expenses are those for which cash outgo is required. Payment need to be made to outsiders is considered as out of pocket expenses.

Detailed explanation-3: -An out-of-pocket expense (or out-of-pocket cost, OOP) is the direct payment of money that may or may not be later reimbursed from a third-party source. For example, when operating a vehicle, gasoline, parking fees and tolls are considered out-of-pocket expenses for a trip.

Detailed explanation-4: -Fixed Cost Was this answer helpful?

Detailed explanation-5: -An out-of-pocket expense is a payment you make with your own money, whether or not it is reimbursed. It could be a business expense, such as paying for a flight that is reimbursed by your employer, or a health expense that you pay before your total outlay reaches the insurance deductible.