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T&E
T&E, short for travel and expense, refers to the financial category encompassing expenditures related to business travel — including transportation, accommodation, meals, and other associated costs — that’s typically managed and monitored by organizations to control expenses and ensure policy compliance.
Through Passenger
A through passenger is a passenger who remains on the plane at a connecting stop on the way to their final destination.
A Ticket Deposit Receipt (TDR) is a preliminary proof of payment for future travel expenses.
Ticketing Agreement
A ticketing agreement is a formal arrangement between airlines or airline alliances that allows for the sale and issuance of tickets for connecting flights operated by different carriers.
Transportation Security Administration (TSA)
The Transportation Security Administration (TSA) is a U.S. government agency responsible for ensuring the security of transportation systems, primarily focusing on aviation, through the development and implementation of screening and security measures.
Travel Agency
A travel agency is a business that provides services and assistance related to travel, including booking accommodations, flights, and other travel-related activities, to individuals or groups.
Travel Agent
A travel agent is a professional who assists individuals and organizations in planning, organizing, and booking travel arrangements, including flights, accommodations, transportation, and other travel-related services, often providing expertise and guidance to ensure a smooth and enjoyable travel experience for their clients.
T&E (Travel and Expense) refers to the processes and policies managing corporate spending related to business travel and associated expenses.
Travel Expense Management (TEM)
Travel expense management (TEM) is the systematic oversight and control of business-related travel expenditures. It encompasses the planning, tracking, reporting, and reimbursement of expenses incurred by employees during business trips.
Travel Expenses
Travel expenses are goods or services employees incur while traveling for business. Though many expenses may occur during a trip, it is up to the organization to decide what is considered an in-policy business travel expense vs. a personal travel expense.
Travel Insurance
Travel insurance is intended to cover medical expenses, trip cancellation, lost luggage, flight accidents, and other losses incurred while traveling, either internationally or domestically.
Travel Management Company (TMC)
A travel management company (TMC) is a business travel agency that helps organizations manage their travel programs. A TMC fulfills travel bookings, supports the organization’s duty of care obligations, and identifies potential cost-saving opportunities.
Travel Management Software, Travel Management System, Travel Management Solution
Travel management software or travel management system is a specialized digital solution designed to assist organizations in efficiently managing and optimizing their corporate travel processes — including booking, expense tracking, itinerary management, and reporting — to enhance control, compliance, and cost-effectiveness in business travel.
Travel Manager
A travel manager is a professional responsible for overseeing and managing travel-related activities and policies within an organization — including coordinating bookings, negotiating with travel suppliers, ensuring compliance with travel policies, and optimizing travel expenses — to enhance efficiency and cost-effectiveness in corporate travel programs.
Travel Policy
A travel policy is a set of guidelines and rules established by an organization to govern and regulate employee business travel. It outlines permissible expenses, booking procedures, and other standards to ensure consistency and compliance with the company’s objectives.
Travel Program
A travel program encompasses the policies, procedures, and guidelines established by organizations to regulate and optimize travel-related activities. A managed travel program involves centralized control and coordination, while an unmanaged travel program may be less organized and less satisfactory.
Travel Risk Management
Travel risk management involves the systematic identification, assessment, and mitigation of potential risks and hazards associated with business travel, with the aim of ensuring the safety and well-being of travelers while maintaining business continuity.
Travel Services, Travel Suppliers
Travel services is a broad category of travel-related offerings that encompasses transportation (flights, trains, buses), accommodation (hotels, resorts), car rentals, tour packages, travel insurance, and other related amenities, all aimed at meeting the needs of individuals or groups during their journeys.
TSA PreCheck
TSA PreCheck is a program by the Transportation Security Administration (TSA) in the United States that provides pre-approved travelers with expedited airport security screening, allowing them to experience shorter lines and keep their shoes, belts, and light jackets on, as well as leave laptops and compliant liquids in their carry-on bags.