verb (used with object)
to break up or dissolve (an organization): They disbanded the corporation.
verb (used without object)
to disperse.

1585–95; < Middle French desbander, equivalent to des- dis-1 + -bander, derivative of bande troop, band1

disbandment, noun
undisbanded, adjective
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
disband (dɪsˈbænd)
to cease to function or cause to stop functioning, as a unit, group, etc

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

1590s, from M.Fr. desbander, in military sense, from des- (see dis-) + band (q.v.). Related: Disbanded.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Impromptu picking camps spring up and disband in a matter of weeks, leaving
  garbage pits and barren land in their wake.
Once the commission has decided which armed groups to disband, it can then do
  no more than recommend how to go about it.
He persuaded tens of thousands of right-wing paramilitaries to disband, albeit
  under a flawed agreement.
Earlier this year, one large rebel group agreed to disband and has begun to
  integrate into the national army.
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