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Disbursement
The release of funds from an account for the purpose of making a payment or meeting a financial obligation.
More Details
A disbursement is the act of paying out or distributing money, often from an organization or a financial institution. Disbursements can be made in various forms, such as cash, checks, or electronic transfers.
Example
Your employer makes electronic disbursements to your bank account in the form of direct deposited paychecks.
Related Terms
Equity
The value of an asset or liability minus any outstanding debt associated with it. Equity is the ownership interest that a person has in an asset.
Club Account
A type of savings account that is managed by a group of individuals for the purpose of saving money for a specific goal or event.
Withdrawal
The removal of funds from a bank, savings, or investment account, as allowed by the terms and conditions of that account.

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