Meaning of the word disbursement in English

What does disbursement mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

disbursement

US /dɪsˈbɝːs.mənt/
UK /dɪsˈbɜːs.mənt/

Noun

the act of paying out money, especially from a fund or for a particular purpose

Example:
The company authorized the disbursement of funds for the new project.
Careful record-keeping is essential for tracking all disbursements.