Exam: TOEIC

Definition: To employ someone again after they have previously worked for you.

Example: The company decided to rehire the talented employee after realizing their mistake.

Definition: Able to be paid back for expenses or costs that have been incurred.

Example: The company has a policy that all travel expenses are reimbursable.

Definition: To pay someone back for money they have spent or lost.

Example: The company will reimburse you for your travel expenses.

Definition: To bring goods back into a country after they have been exported, often referring to products made from raw materials that were originally sent out.

Example: The company decided to reimport the textiles after realizing they could sell them at a higher price.

Definition: The act of bringing goods back into a country after they have been exported.

Example: The company is involved in the reimportation of electronics that were previously sold abroad.

Definition: To include something again or in a new way.

Example: The company decided to reincorporate its old policies to improve efficiency.

Definition: A type of insurance that insurance companies buy to protect themselves from large losses by sharing the risk with other insurers.

Example: The insurance company decided to purchase reinsurance to reduce its financial risk.

Definition: To provide insurance coverage again, often by passing some or all of the risk to another insurance company through a new contract.

Example: The company decided to reinsure its policies to reduce potential losses.

Definition: A company or organization that provides insurance to other insurance companies, helping them manage risk by covering some of their potential losses.

Example: The reinsurer helped the insurance company recover from the financial impact of the natural disaster.

Definition: To conduct an interview with someone again, usually to gather more information or clarify previous responses.

Example: The company decided to reinterview the top candidates to ensure they made the right choice.