What is meant by the word disbursement?

What is meant by the word disbursement?

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. A disbursement is the actual delivery of funds from a bank account.

Is there such a word as disbursement?

Disburse most commonly means to pay out money. The noun form of disburse is disbursement, meaning the act of paying out money, or the payment itself.

What are examples of disbursements?

Some examples of disbursements are payroll expenses, rent, taxes or insurance premiums. In organizational structures, the Finance Department is often the one that handles the disbursement program where all the company’s financial commitments are scheduled to be paid at certain moment.

What does disbursement mean on a loan?

MANAGING YOUR ACCOUNT. A portion of a federal student loan that the school pays out by applying the funds to the student’s school account or by paying the borrower directly. Students generally receive their federal student loans in more than one disbursement.

What are disbursements fees?

Disbursements, are out of pocket expenses which we incur on your behalf to a third party, whilst conducting your sale or purchase. Examples of disbursements are your search fees, your land registry fees and your CHAPS payment fees (same day electronic transfer of funds fees).

What is loan disbursement date?

Disbursement Date means the date upon which the Loan proceeds are funded by Lender into escrow in connection with the closing of the Loan. Disbursement Date means any Business Day when Loan principal is advanced under this Note to or on the account of Borrower.

What is a disbursement fee?

A disbursement is an expense your solicitor pays on your behalf and later adds to your final bill for you to reimburse them. The amount you pay for disbursements will be the exact cost of the expense that your solicitor has paid. These costs will usually be similar between all conveyancing solicitors.

What is a disbursement 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.

How do disbursements work?

A disbursement is funds that are sent to your school. Loan funds may be divided into multiple disbursements (usually one per semester). If you chose a repayment option that requires in-school payments, your monthly payments will begin as soon as your funds are disbursed.

What are initial disbursements?

Initial Disbursement means disbursement to the Property Owner of the portion of the Funding Amount requested in the Funding Request of up to ten percent of the Estimated Cost in advance of completion of the Work, in accordance with Section 5; Sample 2.

What is the first disbursement date?

First Disbursement Date means the date on which the Loan is advanced, or, if the Borrower elects the Alternative Disbursement Option in accordance with Section 2.3(b), the date on which the first advance of the Loan is made.

Can I claim VAT on disbursements?

When you make payments on behalf of your customers, for goods or services received and used by them, you might be able to treat these payments as ‘disbursements’ for VAT purposes. This means that you: don’t charge VAT on them when you invoice your customer. can’t claim back any VAT on them.

What is the difference between disbursement and refund?

What is a disbursement date?

How do I check my financial aid refund?

Your FAFSA status can be found on the “My FAFSA” page, which displays immediately after you log in if you have already started or completed a FAFSA form. To check on the status of financial aid being disbursed to you or your account, check with the financial aid office at your college or career school.