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Disbursement
DISBURSEMENT

Definition: (formal) The payment of money to somebody from a large amount that has been collected for a purpose.
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* All ten elements should be in.


1. Purposeful (to emphasize).

2. Considered necessary to give out part.

3. Authorized and/or approved accordingly.

4. Given to the right recipient or beneficiary.

5. Give out timely to recipient or beneficiary.

6. Paid in the right amount(s), tranche(s), currency/currencies, etc.

7. Money collected and from which a sum is paid out is genuine, not counterfeit or fake.

8. Documentation is complete and correct on completion of payment.

9. Nothing regrettable happens as a result of the manner of payment. That is, no injury or wound to payer/payee and remainder of money is intact after release of part of funds.

10. Act serves purpose(s) or achieves goal(s).
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* LOOK, IT must be PURPOSE-SPECIFIC.

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