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Disbursement Letter means an instructional letter executed and delivered by Borrower to Agent regarding the extensions of credit to be made on the Closing Date, the form and substance of which is satisfactory to Agent.
The disbursement process takes the payment data and transforms it into a disbursement instrument. Disbursements liquidate the payable and generate payments to the vendor.
The CDA, or Commission Disbursement Authorization, is a document that can be sent to the escrow company, title company, attorney, or whoever is handling the closing. It gives instructions on how the commission should be dispersed and is essentially a payment request to the closing company.
In accounting, a cash disbursement is a payment made by one party to another. Also called cash payments or disbursements, they can be made by check, e-check, Automated Clearing House (ACH), digital payment, and all formats of payments recorded with an immediate deduction.
An expense is funding spent on operating a business, either by paying salaries for employees, purchasing new equipment or supplies or spending money on marketing the business with the goal of increasing profits. A disbursement refers to the money paid on behalf of a client or person by a company or agent.
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Definition of disbursement : the act of paying out money especially from a fund : the act of disbursing the disbursement of government funds also : funds paid out received monthly disbursements.
What Is 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.
Understanding Disbursements When a company pays in cash or cash equivalents, it makes a disbursement. The payments made by an attorney for its clients to third parties for court, investigation reports, and medical care are examples of disbursements.
Disbursement Request means a written request substantially in the form of Exhibit B from Borrower delivered to Lender, signed by a Responsible Officer of Borrower and requesting Lender to disburse funds from a Reserve Account.
The disbursement process takes the payment data and transforms it into a disbursement instrument. Disbursements liquidate the payable and generate payments to the vendor.

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