Meaning of “pay out (something)” in the English Dictionary

american-english dictionary

"pay out (something)" in American English

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pay out (something)

phrasal verb with pay us /peɪ/ verb past tense and past participle paid /peɪd/

to spend money:

The federal government paid out $7.7 billion as a result of damage caused by hurricanes this year.

(Definition of “pay out (something)” from the Cambridge Academic Content Dictionary © Cambridge University Press)