Disbursing

The act of distributing money or funds, typically from a central source to multiple recipients or for specific purposes. This process involves the authorization, allocation, and release of finances, often with detailed record-keeping to ensure accountability and transparency. disbursing can occur across various contexts, including government agencies, financial institutions, businesses, and charities. It usually involves following a defined set of procedures and controls to prevent fraud or misuse of funds. Efficient disbursing is critical for fulfilling financial obligations and achieving organizational objectives.

Disbursing meaning with examples

• The non-profit organization was responsible for disbursing aid to victims of the natural disaster. They carefully documented each disbursement to ensure that resources reached the intended beneficiaries, following all of their outlined criteria. This critical step enabled timely delivery of aid.
• After the project's approval, the project manager began disbursing funds to the various contractors and vendors. They kept a detailed ledger of all payments, noting the date, amount, and purpose of each transaction to ensure accountability.
• The government agency was tasked with disbursing unemployment benefits to qualified citizens. A complicated algorithm was used to assess eligibility and determine the amount disbursed to each individual, according to their needs.
• The university's financial aid office is responsible for disbursing scholarships and grants to eligible students each semester. This allows students to achieve their educational dreams by lowering the cost of education.