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What is a disbursement letter from bank?

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. Sample 1Sample 2Sample 3. Based on 322 documents.

What is disbursement request form?

Disbursement Request Form means the request form submitted by the Borrower to the Lender (whether electronically or in physical form) for disbursal of the Loan in compliance with the Sanction Terms and this GTC.

What does it mean when you get a 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.

What is the purpose of a disbursement account?

An controlled disbursement account allows a business to determine which checks will post to their bank account each business day, depending on funding needs. It helps control payments and cash flow, so a business can avoid overdrafts, manage investments and pay down debt.

What are disbursement documents?

Disbursement documents include the Electronic Funds (EFT) and Automated Disbursements (AD) documents. The Treasurer oversees disbursing all payments.

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What is a disbursement letter?

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.

What is a disbursement request?

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.

What is proof of disbursement?

In this document the term \u201cdisbursement. certificate\u201d refers to the receipt, uniform. invoice, or other related documents, with. the view to proving the fact of payment.

What are examples of disbursements?

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.

What are examples of disbursements?

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.

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