Disbursement Agent
/dɪsˈbɜːrsmənt ˈeɪdʒənt/
Definitions
- (n.) A person or entity responsible for managing and making payments from funds held in trust or escrow, often in financial transactions or legal settlements.
The disbursement agent ensured all parties received their payments according to the escrow agreement.
Forms
- disbursement agent
- disbursement agents
Related terms
See also
Commentary
Typically appointed in transactions involving escrow or trust funds to ensure proper and timely distribution of monies.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.