Automatic disbursement definition

Automatic disbursement means payment, by a financial institution to a licensee, of funds received pursuant to an allotment.
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Related to Automatic disbursement

  • L/C Disbursement means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

  • L/C Disbursements a payment or disbursement made by the Issuing Lender pursuant to a Letter of Credit.

  • LC Disbursement means a payment made by the Issuing Bank pursuant to a Letter of Credit.

  • Termination Date Disbursement means an amount drawn under a Multi-Series Letter of Credit pursuant to a Certificate of Termination Date Demand.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).