1. defrayment - the act of paying money. defrayal, payment. commerce, commercialism, mercantilism - transactions (sales and purchases) having the objective of supplying commodities (goods and services) amortisation, amortization - payment of an obligation in a series of installments or transfers.

What is a Defrayal date?

Defrayal date

(Mandatory) Date the money was defrayed or paid. ... If organisations pay their National Insurance ( NI ) and pension contributions monthly, it can be automatically accepted that these will be paid and that the relevant defrayal date is the date the payroll is paid.

What are defray expenses?

transitive verb. If you defray someone's costs or expenses, you give them money which represents the amount that they have spent, for example, while they have been doing something for you or acting on your behalf.