A court may, on proper application, permit a party in the possession of money (or other valuable item capable of delivery) to deposit the money in court for various reasons including:
" to relieve the depositor of the responsibility of the funds;
" to avoid placing one party at a severe advantage during the period of litigation; and
" to preserve the funds in controversy to ensure that the prevailing party may receive the money it is awarded.
'Disbursed funds' is referring to getting money from point A to point B, whether that point is an individual or an institution. With regards to consumer finance, this involves the transfer of money from the lender or bank to the merchant. The money is expected to be delivered within a fixed timeframe.
Disbursement?or payment disbursement?is the delivery of payment from a business's bank account to a third party's bank account. The disbursement meaning refers to a range of payment types, including cash, electronic funds transfer, checks, and more.
Disbursement Order ? a payment order or freeform request for a transfer of funds, signed and formatted in form and substance satisfactory to the Bank.
Disbursements are payments in cash or cash equivalents. In comparison, reimbursement refers to the actual payment to cover the original disbursement. For example, when attorneys pay expenses on behalf of a client, the money paid to a third party is a disbursement.
Under Rule 59(a), a new trial may be granted in both jury and nonjury cases with respect to all or any of the parties. A motion for a new trial is addressed to the inherent power of the trial court to reconsider the decision in the case and grant a new trial to prevent a miscarriage of justice.
Verb. To disburse an amount of money means to pay it out, usually from a fund which has been collected for a particular purpose. [formal]
