Disbursement
Pronunciation: /dɪsˈbɜːrsmənt/
Disbursement (noun)
- The act of paying money out, usually from an organization or fund to someone who is owed it.
- A payment made when a grant, scholarship, or loan is officially released to the person or organization.
- A government payment from public funds to carry out a programme or to settle an approved claim.
Examples
- The disbursement was approved after the review.
- The bank delayed the disbursement for several days.