Dictionary:

disbursement

  (dĭs-bûrs'mənt)

1. The act or process of disbursing.
2. Money paid out; expenditure.

1. Payment of funds that partially or fully settles a debt. Also, an outflow of cash that reduces a liability.

2. Periodic release of construction loan in installments, called progress payments, at specific phases of construction. A portion of the loan is normally held back until completion of the project. See also Controlled Disbursement; Delayed Disbursement.

Paying out money, for example at Loan Origination or the dissolution of an investment venture.
Example: At disbursement of funds resulting from dissolution of the limited partnership, the investors received their original contributions back with a profit as a return on their investment.

noun

Something expended to obtain a benefit or desired result: cost, expenditure, expense, outlay. See transactions.

Definition: payment
Antonyms: deposit, hoard, savings