2006-08-10 08:49:37 · 5 answers · asked by santyago61 1 in Society & Culture ➔ Languages
It comes from the practice of paying for something yourself which should be a business expense. For example a client visits and you take him to lunch and pay yourself. If you did not make an expenses claim you would be 'out of pocket' since you had used your own money from your own pocket.
However if you mean Out of Pocket expenses
Out-of-pocket Expenses
An expense that an individual incurs for either business or personal usage. These expenses are tax deductible.
Having to purchase a new uniform for a job or a charitable function is an out-of-pocket expense
2006-08-10 09:32:35 · answer #1 · answered by quatt47 7 · 0⤊ 0⤋
In 1952 at a cheap hotel outside of Crispe, Iowa, a traveling salesman tries to pay a hooker after a night of work with coupons from his shoe company, which she replyed...NO way mf "out of pocket, out of pocket"
2006-08-10 16:01:46 · answer #2 · answered by Anonymous · 0⤊ 1⤋
It started during the advent of credit cards when some merchants wouldn't take them and wanted you to pay not on credit but literally with the cash out of your pocket because they have to wait to get paid on credit transactions whereas cash is good immediately.
2006-08-10 15:57:37 · answer #3 · answered by Jylsamynne 5 · 0⤊ 1⤋
Using actual money that is in your pocket.
2006-08-10 15:53:59 · answer #4 · answered by Dood 2 · 0⤊ 1⤋
It comes from the french word which means paying for something.
2006-08-10 15:54:27 · answer #5 · answered by Anonymous · 0⤊ 1⤋