DISBURSEMENTS - Literally, to take
money out of a purse. Figuratively, to pay out money;
to expend money; and sometimes it signifies to advance
money.
A master of a ship makes disbursements, whether with
his own money or that of the owner, when he defrays
expenses for the ship.
An executor, guardian, trustee, or other accountant,
is said to have made disbursements when he expended
money on account of the estate which he holds. These,
when properly made, are always allowed in the settlement
of the accounts.
Legal expenses that a lawyer passes on to a client,
such as for photocopying, overnight mail and messenger
services.
