Disbursement Law & Legal Definition
A disbursement is a payment made on behalf of another person for which reimbursement in the future is expected. In a law suit, disbursements may be made by a lawyer on behalf of a client for expenses such as filing fees, expert medical reports, private investigator reports, photocopying and courier costs and the like. An executor, guardian, trustee, or other accountant, is said to have made disbursements when paying expenses of an estate which he holds. When properly made, such disbursements are reimbursed in the settlement of the accounts. Disbursements may also be made by government officials.
The following is an example of a state statute authorizing disbursements by the State Treasurer:
"Out of the rental payments provided to be made in the lease authorized in Section 2-6-27, the State Treasurer is authorized and directed to pay the principal of and interest on the bonds and the coupons as the said principal and interest shall respectively mature and to set up and maintain any reserve therefor provided for in the proceedings under which the bonds of the corporation are authorized to be issued."
Legal Definitions
Search Definitions
Get a Term Defined
- Request a legal definition! Submit a term you need defined.
- » Request Legal Definition
Submit a Definition
- Submit a Definition Help us build our database. Free listings for attorneys.
- » Submit a Definition
Help Build USLegal
- Join our Team and help build USLegal. Many opportunities for participation so Join our Network.
Build USLegal
Read a Law Digest
- Need to read the law or find an answer to a legal question? Visit our Law Digest for the largest selection of law digests and answers available.
Go to Law Digest
Form Packages
- Select from our most popular legal form packages.
- » Bankruptcy
- » Contract for Deed
- » Divorce
- » Employment Packages
- » Home Sales
- » Incorporation
- » LLC Formation
- » Landlord Tenant
- » Mutual Wills
- » Name Change
- » Personal Planning
- » Partnerships
- » View All Packages
Legal Life
- Organize your legal life today! View our free online guide to creating a Life Documents File and related products.
- » Life Documents File
- » Personal Planning Package
- » Life Documents Packages
- » New Parents
- » Newlyweds
- » Baby Boomers
- » Military
- » Other
Form Drafting
- Can′t find the form you need, or need a form we offer revised for your situation? Submit your request and our attorneys will review the request and let you know if the form can be provided.
Submit a drafting request...
