What is a disburser?

What is a disburser? Here are some definitions.

Noun
  1. One who disburses money.
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Examples
If the disburser dishonors its duty, the disburser becomes liable for the claimant's losses.
The post-closer will also assist the disburser in shipping loan packages and sending out pay-offs.
Behold him no longer the distributer of employments, or the disburser of the publick treasure!

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