simple english problem

[Nightmare]

when we say "cumulative loan approval and disbursement"

does it mean

cumulative loan approval and cumulative disbursement ? I am worried whether in english things are made shortcut like that way ...is it correct ?

[Barb_D]

I would assume it means the cumulative disbursed amount as well, but if you give a little more context, we can give a better answer.

The cumulative approved and disbursed amounts is clear.

(Is this about student loans, by any chance?)