Meaning of the word payout in English

What does payout mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

payout

US /ˈpeɪ.aʊt/
UK /ˈpeɪ.aʊt/

Noun

1.

a large amount of money that is paid to someone:

Example:
With this insurance policy there is a maximum payout of €2,500.
Learn This Word at Lingoland