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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.
Prepayment
The issuing of payment for a bill or debt before the official due date.
Automatic Transfer
A process in which funds are automatically moved between accounts. In personal banking, it can be used to transfer money or make payments.