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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
Disbursement
The release of funds from an account for the purpose of making a payment or meeting a financial obligation.
Available Balance
The amount of money that is currently accessible in an account and can be used for transactions.
Apple Pay
A mobile payment and digital wallet service that allows users to make payments using their Apple device.