1. a sum of money paid out, especially as a dividend, prize, or settlement
2. the act or process of paying out money

Examples

• The insurance payout covered all the damages from the accident.
• Shareholders received a generous payout this quarter.
• The lottery winner’s payout was spread over twenty years.
• The company announced a special payout to employees.
• The payout from the settlement took several months to process.
• Investors were disappointed by the small dividend payout.
• The casino’s slot machine payout was quite generous that night.