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Noun: payout  'pey,awt
  1. Payment of money
    "The insurance company issued a large payout to cover the damages"
Verb: pay out  pey awt
  1. Expend, as from a fund
    "A lender shall pay out any loan according to policy";
    - disburse

Derived forms: pays out, paying out, payouts, paid out

See also: pay

Type of: pay