noun the act of disbursing money or funds
Disbursal refers to the act of distributing funds or payments to individuals or organizations as part of a financial transaction.
Disbursal is important in business operations for timely payment of salaries, vendor invoices, and other financial obligations.
In the context of student loans and scholarships, disbursal is the transfer of funds to eligible recipients for educational purposes.
In the banking sector, disbursal is the process of releasing funds to customers or clients after approval of a loan or credit application.
Disbursal plays a crucial role in the distribution of grants, donations, and aid to beneficiaries in need.
In the financial sector, a writer may use the term 'disbursal' when referring to the process of distributing funds or payments to clients or investors.
A psychologist may use 'disbursal' when discussing the distribution of resources or services to individuals in need of mental health support.
An accountant may use 'disbursal' to describe the allocation of funds from a company's budget for various expenses or investments.
A human resources manager may use 'disbursal' when overseeing the distribution of employee benefits, such as bonuses or reimbursements.
A project manager may use 'disbursal' to refer to the release of funds for project expenses or the payment of contractors and vendors.