Good question. I just got a $5,000 dollar check in the mail and not sure if I should cash it. Its titled as a "surplus disbursement". The problem is its coming from my home mortgage company. Why would they have extra money? wouldn't any extra just be applied to the principle?
Dividend Disbursement
when it comes to managing the disbursement cycle, the objective is to: Shorten the Disbursement cycle Lengthen the disbursement cycle Equalize disbursements with receipts Borrow for all disbursements
Disbursement relates to money paid out for goods or services.
The difference between disbursement and reimbursement is that with reimbursement a person is getting back every cent they paid in. Disbursement is a set amount or percentage of money paid in.
Debit Job accountCredit disbursement account
The word disbursement means to spread out or to dole out. An example would be "The disbursement of the food was fair to everyone in the crowd, and no one left hungry.".
EFT is mandatory; split disbursement must be offered as an option.
disbursement
Disbmt
One true statement about eft and split disbursement is that they are mandatory.
See related links for an example of a disbursement voucher form in Excel format.
Both EFT and split disbursement are mandatory.