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English definition of “payout”

payout

noun [C] (also pay-out)
 
 
/ˈpeɪaʊt/
a sum of money that is paid to somebody: The employees shared a $1m payout after bosses declared record sales. a lottery payout of 10 million euros
FINANCE money paid by a company to its shareholders as dividends: an annual payout a dividend payout
INSURANCE money paid to someone from an insurance agreement: an insurance payoutaverage/big/maximum payouts The court case has opened the door for big payouts to homeowners battling insurance companies over hurricane coverage.
(Definition of payout from the Cambridge Business English Dictionary © Cambridge University Press)
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