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.
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.