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From: Webster's Revised Unabridged Dictionary (1913)

 Dis·burse v. t. [imp. & p. p. Disbursed p. pr. & vb. n. Disbursing.]  To pay out; to expend; -- usually from a public fund or treasury.
    The duty of collecting and disbursing his revenues.   --Macaulay.
 Disbursing officer, an officer in any department of the public service who is charged with the duty of paying out public money.