What is a disbursement payment?

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.

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Sample Letter regarding Order to Disburse Funds

Wake North Carolina Sample Letter regarding Order to Disburse Funds

Name: Wake North Carolina Sample Letter regarding Order to Disburse Funds
Brand: US Legal Forms
Rating: 4.69 (489 reviews)

Category:

Letters - Legal - Collections

State:

Multi-State

County:

Wake

Control #:

US-0436LTR

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Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

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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 payment is the agreed value of a product or service. A disbursement is a payment from a dedicated fund.

Disbursement Notice means a notice from the Provider of the Finance in the form of a copy of the SWIFT 103 showing the date of disbursement or payment of the full proceeds of the Loan.

An authorized disbursement request is the form or letter that must be approved by the BIA that specifies the funds to be disbursed from an IIM account.

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.

Disbursements and Refunds defined Please note: Disbursement does not mean REFUND. Disbursement means the financial aid awards have been applied to your student account. Refund means the credit balance owed to you will be sent to BPCC's debit card company.

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.

Cash disbursements are usually made through the accounts payable system, but funds can also be disbursed through petty cash or payroll. Each entry on your records should include the amount, date, payment method, and purpose of the transaction. This entire process can be outsourced to a bank.

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.

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Wake North Carolina Sample Letter regarding Order to Disburse Funds

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