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Disburse means to pay out and disbursement refers to when your financial aid funds are released to your student account.You must meet all disbursement requirements in order for funds to disburse and all university charges will be paid immediately after your aid is disbursed.
1a : to pay out : expend especially from a fund disburse money. b : to make a payment in settlement of disburse a bill. 2 : distribute.
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 disbursement is the actual delivery of funds from a bank account.
Disbursements occur when SPC receives federal, state, or other funds on your behalf. Refunds occur when the amount of the disbursements received on your behalf is greater than the amount owed for tuition, fees, and the Book Line of Credit.
The disbursement process takes the payment data and transforms it into a disbursement instrument. Disbursements liquidate the payable and generate payments to the vendor.Disbursement documents include the Electronic Funds (EFT) and Automated Disbursements (AD) documents.
Upon approval of your loan application, the status will appear as: DISBURSEMENT THRU THE BANK E for Encoding. DISBURSEMENT THRU THE BANK Q Qualified and is ready for approval. Encoding to approval normally takes 1-2 business days.
When a business sends a disbursement on behalf of a client, the reimbursement is what the client pays to the company as a refund for the original payment.In general, the difference between a payment and disbursement is that one is the instance or process of disbursing while the other is the act of paying.
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.