expense-recovery projection
nounUK /ɪkˈspɛns rɪˈkʌvəri prəˈdʒɛkʃən/
US /ɪkˈspɛns rɪˈkʌvəri prəˈdʒɛkʃən/
A guess about how much money you will get back later.
The manager made an expense-recovery projection to see how much the company would get back next year.
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OTHER MEANINGS
2. A plan showing when money spent on a project will be paid back.
The expense-recovery projection showed the new machine would pay for itself in two years.
3. A number that estimates how much of an expense will be returned.
Their expense-recovery projection was too high, so they had to revise it.
4. A financial guess used to plan future spending.
The team used an expense-recovery projection to decide next year's budget.