disburse - definition and synonyms

verb [transitive] very formal 

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/dɪsˈbɜː(r)s/
present tense
I/you/we/theydisburse
he/she/itdisburses
present participledisbursing
past tensedisbursed
past participledisbursed
  1. to pay out money from a fund

    The role of the committee is to disburse grants to needy students.