loan-disbursement

Vocabulary Word

Definition

Loan disbursement refers to the process when a lender delivers the loan funds to the borrower or a third party. Not only banks, but this also applies to financial aid distributed to students by universities.

Examples in Different Contexts

For home buying, 'loan disbursement' is the stage in the mortgage process when the lender releases the borrowed funds to the seller, completing the purchase. A real estate agent might say, 'Once the loan disbursement is finalized, the property will officially be yours.'

Practice Scenarios

Tech

Scenario:

Our platform is designed to make financial operations smoother. How about we introduce a feature to facilitate this?

Response:

Adding a feature to show the status of loan disbursement can greatly improve our client's experience.

Impact

Scenario:

This project needs funding support to get off the ground. It might be beneficial to look into financial aid.

Response:

Sure, we should explore different grants and fellowships, even loan disbursement if necessary, to fund the project.