Payment and disbursement (payment; disbursement)

At a bank, the delivery of cash to a customer from the customer’s account at a teller’s counter. In this case, it is also referred to as withdrawal. – The handing over of cash at a store checkout by charging the customer card or credit card presented. Even if only fractional amounts are paid out in the course of a purchase, this is basically equivalent to the operation of a credit business by the shopkeeper and is subject to authorization; the German Federal Financial Supervisory Authority (BaFin) has issued a separate information sheet on this subject. – The actual amount handed over to a customer in the course of a loan; usually processing fees and accrued interest are retained by the bank (the actual payout to borrower of loan funds, in whole or part). – In the case of a company, the reduction of liquid funds, such as by transfer from its own account to the tax office (revenue office). – In contrast, expenditures are only increases in liabilities or decreases in receivables. – See bank twelfth, deposit, card, cash register, payment.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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