Disbursement Order
/dɪsˈbɜːrsmənt ˈɔːrdər/
Definitions
- (n.) A judicial or administrative authorization directing the payment of money from funds held by a custodian or court.
The court issued a disbursement order to release the settlement funds to the plaintiff.
- (n.) An instruction by a fiduciary to disburse money as part of trust or estate administration.
The trustee obtained a disbursement order to pay the beneficiaries according to the terms of the trust.
Forms
- disbursement order
- disbursement orders
Related terms
See also
Commentary
Disbursement orders are formal instruments essential to ensure proper authorization and traceability of payments from controlled funds.
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.