payout

//ˈpeɪaʊt//
B2Frequency Level 11Neutral
Visual representation of payout

Noun

payoutSingular
payoutsPlural
1

A large sum of money paid to someone, especially as compensation, a prize, or from an investment.

She received a large insurance payout after the accident.

2

The act or process of disbursing money, especially from an insurance claim or financial account.

The insurance payout was processed within two weeks of filing the claim.