Glossary R
Glossary R
Deutsch: Reglementierung / Español: Reglamento / Français: Rêglementation
Regulation is the Control through formalised processes.
Deutsch: Regulatorische Zersplitterung / Español: Fragmentación Regulatoria / Português: Fragmentação Regulatória / Français: Fragmentation Réglementaire / Italiano: Frammentazione Normativa
The term Regulatory Fragmentation describes the phenomenon where inconsistent or overlapping rules and standards across jurisdictions create inefficiencies, compliance burdens, and market distortions. This issue arises in globalized economies where businesses, technologies, or financial systems operate across borders but face divergent regulatory frameworks. Understanding its causes and effects is critical for policymakers, industries, and international organizations seeking harmonization.
Deutsch: Erstattung / Español: Reembolso / Português: Reembolso / Français: Remboursement / Italiano: Rimborso
Reimbursement in the travel context refers to the process of compensating travelers for expenses incurred during their journeys, which can include transportation, lodging, meals, and other travel-related costs. This compensation is typically provided by employers, insurance companies, or travel service providers under certain conditions, such as business trips, cancelled flights, or travel insurance claims.