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Disbursement Request Form (DRF), signed by all the applicants. Signed by all the applicants. Accepted Sanction Letter, signed by all the applicants.
Disbursement Request Form means the letter through which the Borrower requests the Lender to release part/s or whole payment of the Loan amount, to the builder, society, self or other party as applicable.
Examples include repayments to creditors, payments of rents and salaries, cash refunds for the return of goods, and so on. In contrast, all the receipts of cash are recorded in the cash receipt journal.
A disbursement voucher (DV) is a form that is submitted to have a check prepared for payment. This money is then used to pay an organization or individual for goods or services rendered.
Simply put, a disbursement is money that is paid out from a dedicated fund. This includes operating expenses like rent, interest paid on loans, and cash dividends to shareholders.