disbursement

This term carries a formal, administrative tone typically reserved for corporate, legal, or governmental accounting. It suggests a structured process of releasing funds from a pre-approved budget or a trust, rather than a casual spending of money. In professional contexts, it specifically refers to the actual movement of cash out of an account. This distinguishes the act of disbursement from the act of budgeting or allocating, where money is earmarked but not yet physically paid out.