What is the definition of "disbursement"?

Answer

Disbursement is the act or process of distributing or disbursing money. This involves distributing the money to more than one person or groups. It also refers to the act of spending money also known as expenditure.
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1 Additional Answer
Ask.com Answer for: what is the definition of disbursement
dis·burse·ment
[dis-burs-muhnt]
NOUN
1.
the act or an instance of disbursing.
2.
money paid out or spent.
Source: Dictionary.com
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A cashbook is defined as an accounting book that consists of cash receipts and disbursements. The balance is then posted to the ledger's cash account. It is a ...
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