Quick Definition

Disbursement refers to the act of paying out or distributing money, typically from a dedicated fund or account.

Examples

• 1A university disbursing scholarship funds to a student's account at the beginning of a semester.
• 2A business disbursing payroll to its employees on a bi-weekly basis.
• 3A government agency disbursing grants to non-profit organizations for community projects.
• 4A law firm disbursing settlement funds to clients after a legal case is resolved.

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