Defrayment for Dummies

Hey there! So "defrayment" is a word that means the act of paying for something, typically a debt or an expense. Let me break it down for you in a way that makes perfect sense. Have you ever been to the store with your parents and they use their money to buy stuff? Well, when they do that, they are making a defrayment. They are using their money to pay for the things they need. It's like a way of taking care of the cost of something, whether it's buying groceries, paying for a service, or settling a bill.

Defrayment can also mean the reimbursement or compensation for expenses or losses incurred. Let's say you borrowed some money from a friend and then paid them back. That's also a defrayment, because you're reimbursing them for the money you borrowed. It's like giving back what you owe.

So, in simple terms, defrayment is just a fancy word for paying for something or reimbursing someone for expenses or debts. It's all about taking care of financial responsibilities. I hope that makes sense! Let me know if you have any questions.