What is a disbursement agreement?
More Definitions of Disbursement Agreement Disbursement Agreement means that form of Disbursement Agreement that is attached hereto as EXHIBIT B to be executed by and between Borrower and Lender and which sets forth certain conditions that must be met in order to seek an Advance of principal hereunder.
What does disbursement to client mean?
From Wikipedia, the free encyclopedia. A disbursement is a form of payment from a public or dedicated fund. Alternatively, it means a payment made on behalf of a client to a third party for which reimbursement is subsequently sought from the client.
What are the types of disbursement?
A cash disbursement can be made to refund a customer, which is recorded as a reduction of sales. Another type of cash disbursement is a dividend payment, which is recorded as a reduction in corporate equity. A cash disbursement can be made with bills or coins, a check, or an electronic funds transfer.
What is a disbursement payment?
A disbursement is the paying out of funds, whether to make a purchase or other transaction. A disbursement can be made using cash or other methods of payment.
What does no disbursement mean?
If the thing being given out or provided is not financial or money-related (like food, for example), you probably want to use distribution, not disbursement.
What does undisbursed mean?
Funds committed by the creditor but not yet utilized by the borrower. In BIS terminology, this refers to open lines of credit that are legally binding on lending banks.
Does disbursement mean refund?
Disbursements occur when SPC receives federal, state, or other funds on your behalf. Refunds occur when the amount of the disbursements received on your behalf is greater than the amount owed for tuition, fees, and the Book Line of Credit.
What is the difference between disbursement and payment?
A payment is the agreed value of a product or service. A disbursement is a payment from a dedicated fund. We’ll cover the differences between payments and disbursements and how they’re used.
What is a undisbursed amount?
How long after disbursement do you get refund?
Usually the disbursement period for refunds is about three to four weeks into the semester, yet certain schools may have a particular timeframe that they follow. When a FAFSA refund check is disbursed, a student likely will have the option in which the payment is made.
Which is the best definition of a disbursement agreement?
More definitions of Disbursement Agreement. Disbursement Agreement means the Disbursement Agreement dated as of the date hereof executed by Borrower and Lender. Disbursement Agreement means the Disbursement Agreement dated as of the date hereof executed by Borrower, Lender and Title Company.
When is the mutual release and non disparagement agreement effective?
THIS MUTUAL RELEASE AND NON-DISPARAGEMENT AGREEMENT (the “Release”) is made and shall be effective as of the 28th day of January, 2004 (the “Effective Date”) by and between LOUIS T. STEINER (“Executive”) and COMMERCIAL BANK OF PENNSYLVANIA f/k/a Commercial National Bank of Pennsylvania (the “Bank”).
What is a non disparagement agreement in banking?
Non-Disparagement. The Bank will not disparage Executive or Executive’s performance or otherwise take any action which could reasonably be expected to adversely affect Executive’s personal or professional reputation.
Where does disbursement go in a bank statement?
The amount of disbursement is recorded in the cash column, and the title is recorded in the corresponding account debited column. Each account has a reference number shown in the posting reference (PR) column.