What does disbursement mean?
What does disbursement mean?
the act of paying out money
Definition of disbursement : the act of paying out money especially from a fund : the act of disbursing the disbursement of government funds also : funds paid out received monthly disbursements.
What is an example of disbursement?
When a company pays in cash or cash equivalents, it makes a disbursement. The payments made by an attorney for its clients to third parties for court, investigation reports, and medical care are examples of disbursements.
What does disbursement amount mean?
Disbursement means paying out money. The term disbursement may be used to describe money paid into a business’ operating budget, the delivery of a loan amount to a borrower, or the payment of a dividend to shareholders.
How do you use disbursement in a sentence?
the act of spending or disbursing money. (1) Let’s switch the talk to disbursement. (2) This disbursement was paid by Marshalls some time ago but not until after the statutory demand had been served. (3) Second, strict control working condition disbursement.
Does disbursement mean refund?
Disbursements occur when SPC receives federal, state, or other funds on your behalf. Refunds occur when the amount of the disbursements received on your behalf is greater than the amount owed for tuition, fees, and the Book Line of Credit.
What does disbursement mean in financial aid?
A disbursement is the payment of federal student aid funds to the student by the school. Students generally receive their federal student aid in two or more disbursements.
What is the difference between payment and disbursement?
A payment is the agreed value of a product or service. A disbursement is a payment from a dedicated fund.
Is a disbursement a refund?
Disbursements and Refunds defined Please note: “Disbursement” does not mean “REFUND”. “Disbursement” means the financial aid awards have been applied to your student account. “Refund” means the credit balance owed to you will be sent to BPCC’s debit card company.
What is the difference between reimbursement and disbursement?
Reimbursement can involve discounts or interest fees, depending on the contract. In general, the difference between reimbursement and disbursement is that one is the instance or process of disbursing while the other is the act of paying.
Does disbursement mean payment?
A disbursement is the paying out of funds, whether to make a purchase or other transaction. A disbursement can be made using cash or other methods of payment.
What are disbursements in college?
Are disbursements expenses?
A disbursement is a different kind of expense that is incurred as part of the delivery of a service. It is an expense that arises specifically within the delivery of the service and is a cost that should be properly borne by the client.