disbursement

Definition

Paying out in the discharge of a debt or expense.

Use disbursement in a sentence

After the disbursement of the money, I was happy to know that we still had a lot of revenue to play with.

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The disbursement was set to occur during the following month so we had to wait an additional forty five days.

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You should always try and pay off the disbursement as quickly as you can so that you will be able to borrow again.

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1099-H Form cashbook