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Disbursement Instruction means an instruction given by the Agent at the request of the Borrower, from time to time, to the bank at which the Cost Overrun Account is maintained, to disburse proceeds maintained in the Cost Overrun Account for payment or reimbursement of Construction Expenses.

So, what is disbursement? It is the stage when the lender (the housing finance company) pays out the loan proceeds to the seller (in case of a resale property) or the builder (in case of a new property) depending on the terms of the home loan agreement you have entered into with the lender.

ISBURSEMENT POLICY The method of disbursement includes payment by check, electronic fund transfer, automated clearing house, and credit card. Proper documentation and approval should be obtained prior to payment of payables to ensure effective controls over disbursement of PHA funds.

The cash disbursement process usually includes the following steps: Record Incoming Invoices: When an invoice is received, it is logged into the accounts payable ledger, and the due date is recorded. Get Approval: The invoice is then sent to the appropriate person within the organization for approval.

A disbursement is the delivery of money from a fund. In business accounting, a disbursement is a payment recorded in the general ledger.

Disbursements can take anywhere from one day to five days. Three days is a common term for electronic transfers from one consumer's bank account to another's. Often, these are business days/week days, though—so depending on how the dates fall, a three-day disbursement might actually take five days.

A disbursement is the delivery of money from a fund. In business accounting, a disbursement is a payment recorded in the general ledger. A record of disbursements shows how a business spends its cash. Payments of dividends to shareholders are often termed 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.