NONDISBURSEMENT Meaning and
Definition
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Nondisbursement is a term used in financial and business contexts to describe the act or state of not making a payment or distributing funds. It refers to the withholding or non-release of funds that were intended or expected to be disbursed or distributed to a particular entity or recipient.
In various situations, nondisbursement may occur due to several reasons. For example, in the case of a loan agreement, nondisbursement refers to the lender's decision not to release the loan amount to the borrower. This decision might be based on factors such as the borrower's creditworthiness, failure to fulfill certain conditions, or any other contractual obligations.
Similarly, in the context of government funds or grants, nondisbursement may occur if the recipient fails to meet specified requirements or conditions. In such cases, the government agency or organization responsible for the disbursement can opt to withhold the funds until the recipient fulfills the necessary criteria.
Nondisbursement can also occur in the corporate world when a company decides not to distribute dividends or profits to its shareholders. This decision may be influenced by various factors, such as financial performance, strategic objectives, or reinvestment plans.
Overall, nondisbursement refers to the deliberate act of abstaining from making a payment or distributing funds and is often based on predetermined conditions, obligations, or factors that need to be met or evaluated before the disbursement can occur.
Common Misspellings for NONDISBURSEMENT
- bondisbursement
- mondisbursement
- jondisbursement
- hondisbursement
- nindisbursement
- nkndisbursement
- nlndisbursement
- npndisbursement
- n0ndisbursement
- n9ndisbursement
- nobdisbursement
- nomdisbursement
- nojdisbursement
- nohdisbursement
- nonsisbursement
- nonxisbursement
- noncisbursement
- nonfisbursement
- nonrisbursement
- noneisbursement
Etymology of NONDISBURSEMENT
The word nondisbursement is a combination of two terms: non- and disbursement.
1. Non- is a prefix derived from the Latin non, meaning not. It is used to indicate negation or absence.
2. Disbursement comes from the Old French word desbourser, which means to pay out or to incur expenses. It further originates from the combination of the Latin prefix dis- (meaning apart or away) and the Old French word borser (meaning to provide money or to pay).
Therefore, the etymology of nondisbursement can be understood as the combination of non- (not) and disbursement (the act of paying out or dispersing money), resulting in the meaning not paying out or failure to disburse funds.
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