Disbursements, or Settlements as they are sometimes referred to, cover payments made to pay out the Loan, as well as to pay costs associated with the Loan.
Disbursements may be paid directly to the client, in the case of a personal loan, to a vendor where finance is being provided for the purchase of an asset, or it may be to a number of third parties where you are offering a debt consolidation service.
Disbursements allow you to make individual payments directly to a bank account or credit an existing External Party's Account for consolidation and distribution at a later date, such as you would do with Insurance premiums.
