Disbursable

Adjective describing funds, resources, or amounts that are eligible to be paid out or distributed. It signifies that the money or asset is available and approved for release, often based on specific conditions, regulations, or fulfillment of certain criteria. The term highlights the process of making payments or allocations from a larger financial pool to designated recipients or for specified purposes. disbursable funds are ready to be released, contrasting with those that are still pending, restricted, or subject to further review. The disbursement is the actual process of paying out the 'disbursable' funds.

Disbursable meaning with examples

• The research grant became disbursable once the project's initial milestones were achieved, enabling the team to access the funds for equipment and personnel costs. This ensured the researchers could procure the required items, thus progressing the work.
• After the successful completion of the audit, the allocated funds for the infrastructure project were deemed disbursable, finally allowing the construction company to draw the money for materials.
• With all required paperwork submitted and verified, the student loan was confirmed as disbursable, allowing the student to pay tuition fees. This means all eligibility checks are satisfied.
• The insurance claim was determined to be disbursable after the adjuster reviewed the damage, and approved the settlement, thus resolving the claimant’s losses.
• The relief organization declared emergency aid disbursable to victims of the disaster, thus commencing financial support to people that needed it most, quickly.