The term DISPERSE OIL IN WATER can be accomplished by the process of emulsification, which is an 8-letter word. Emulsification is a process that involves combining two liquids that normally do not mix, such as oil and water, to form an emulsion. This is done by adding an emulsifier, such as soap or detergent, which helps to break down the surface tension between the two liquids and allows them to mix together. The result is a stable mixture that can be used in a variety of applications.