Oxidation is a natural stage in the life of your asphalt. It may show up early if your driveway has direct exposure to the midday sun. But most often this stage is seen anywhere from 9 to 18 months after the asphalt is poured. Loose gravel and cracking that appears within the first year is definitely a problem.
Escrow Disbursement Date Law and Legal Definition. Escrow disbursement date means the date on which the servicer actually pays an escrow item from the escrow account. However, the lender must pay the items in a timely manner, that is, on or before the deadline to avoid a penalty.
BREAKING DOWN 'Disbursement'. When money is disbursed, it is a cash outflow. Cash flow is a measure of the cash inflow, revenue, and cash outflows, or disbursements. Ideally, there will be more money flowing in than flowing out.EFINITION of 'Disbursement'. The act of paying out or disbursing money. Disbursements can include money paid out to run a business, spending cash, dividend payments, and/or the amounts that a lawyer might have to pay out on a person's behalf in connection with a transaction.