Usage: Harmon is not a popular first name. It is more often used as a boy (male) name. People having the name Harmon are in general originating from France, Germany, United States of America.
The officer does not have physical possession of the. funds. (2) 'Disbursing Officer' shall mean a person who disburses. funds and renders accounts in accordance with laws and. regulations governing disbursement of public funds. The officer. has physical possession or control of the funds.
DEFINITION of 'Controlled Disbursement' A technique commonly employed in corporate cash management. Controlled disbursement is used to regulate the flow of checks through the banking system on a daily basis, usually by mandating once-daily distributions of checks (usually early in the day.) This is done in order to meet certain investment or fund management objectives.