1. the act of paying or settling a debt, cost, or expense
Usage: formal; often used in legal or financial contexts

Examples

• The defrayal of medical expenses was covered by insurance.
• The company ensured the defrayal of all travel costs for the conference.
• The contract specified the defrayal of legal fees by the defendant.
• Defrayal of the loan occurred ahead of schedule.
• The organization committed to the defrayal of scholarship expenses.