Maryland Sample Letter regarding Order to Disburse Funds
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FAQ
Disbursement means paying out money from a fund. 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 voucher (DV) is a form that is submitted to have a check prepared for payment. This money is then used to pay an organization or individual for goods or services rendered. A DV can have multiple payees depending on what debt is being settled.
Disbursement Request Form means the letter through which the Borrower requests the Lender to release part/s or whole payment of the Loan amount, to the builder, society, self or other party as applicable.
Disbursement Letter means an instructional letter executed and delivered by Borrower to Agent regarding the extensions of credit to be made on the Closing Date, the form and substance of which is satisfactory to Agent.
A disbursement is the payment of federal student aid funds to the student by the school. Students generally receive their federal student aid in two or more disbursements.
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.
