👉 Nondisbursement is a legal term that refers to an action or act that does not involve the expenditure of any funds, resources, or assets. It typically occurs when a party has not made a payment for goods or services due to unforeseeable circumstances beyond their control, such as natural disasters, financial difficulties, or other external factors.
Nondisbursement can be characterized by several characteristics:
1.
Non-payment
: The non-disbursement is an action taken by the party who did not
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