API - What is dispatch?

I have seen the term Dispatch being used in SolidWorks API and in XCad extensions. It also seems I have seen dispatch being referred to elsewhere but I do not have any links. I have done some searching but the kind of dispatch I have found looks more like a FIFO kind of queue of some kind.

Right now my mental model for this is a kind of object factory but I suspect that is wrong as well. Can anybody versed in please explain what dispatch is in the context of SolidWorks API?