disbursement
Disbursement (noun) means the paying out of money from a fund or account, especially a formal or scheduled payment such as a loan, grant or dividend. Example: “The first disbursement of the student loan lands a week after enrolment.”
How to use disbursement
Learner’s notesIn plain EnglishMoney paid out from a fund.
Formal; standard in finance, law, accounting and public administration.
Fill the gap
Can you complete this real example?
The first _____ of the student loan lands a week after enrolment.
Etymology
From Old French desbourser 'to pay out', formed from des- 'out of' and bourse 'purse'.