The best replacement for disbursement is reimbursement.

The best alternatives to disbursement are rated as following:
★★★★★  reimbursement
★★★★★  distribution
★★★★  expenditure
★★★  disbursement
★★  expense
★  drawdown
★  recharge
★  receipt
  dispersed

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Google Trends

Scale is based on the average worldwide traffic of disbursement in all years. Click on graph for more.
disbursement
reimbursement
distribution