verb
disburse
dis-BURS/dɪsˈbɜːrs/
To pay out money from a fund or account.
The administrator disburses money from the shared cashbox to a recipient.

Etymology
The original image is taking money out of a purse. Disbursing retains that outward movement of money, now expressed as paying it out from a fund.
In context
give this assailant of yours a hundred reals at once, and you must disburse thirty more for the poor prisoners
More examples
- The college disburses scholarship funds at the start of each semester.
- The insurer disbursed the money directly to the repair shop.
- We need approval before disbursing money from the emergency fund.
Forms
disburse · disburses · disbursed · disbursing
disbursement noun — A payment made from a fund.
Similar words
- pay
- Pay is broader and need not involve a managed fund.
- distribute
- Distribute emphasizes dividing money or goods among several recipients.
- spend
- Spend emphasizes using money to buy something or cover costs.