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What does disbursement mean?

Looking for the meaning or definition of the word disbursement? Here's what it means.

Noun
  1. The act, instance, or process of disbursing.
  2. Money paid out or spent.
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Examples
The Scottish independent television market was spawned, mewling and puking to begin with, by Channel 4 and its regional disbursement of funding.
To date, the only steady disbursement of these funds are the sitting allowances for the administrators of the fund.
It has ignored the country's demands to put the disbursement of royalties on hold until the sovereignty dispute is settled.
The disbursement of funds from this account would be reconciled on a quarterly basis.
Each party hopes that when it is in majority in both council and parliament there will be less problems of priority and disbursement of funds.
The court has asked the Welfare Commissioner to frame a policy of disbursement in two weeks.

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