👉 In finance, the term "defrayals" refers to payments or expenses that are deducted from a company's total revenue or expense. They are typically made by an employer in order to cover costs associated with employee benefits and health care. These defrayal payments can include things like contributions to retirement plans, insurance premiums for employees, and other related expenses.
For example, if a company has employees who contribute to their own retirement accounts, the company might pay part of these contributions as defrayals
defrayals