Homonym: Payout (Distribution)
A "payout" refers to the distribution of money or benefits to individuals or entities, often as a result of a financial transaction, investment, or insurance claim. It can occur in various contexts, such as in gambling, where winnings are paid out to players, or in finance, where dividends are distributed to shareholders of a company.
In the context of insurance, a payout is the amount an insurer pays to a policyholder after a claim is approved. This can include payments for damages, medical expenses, or other covered losses, ensuring that the insured party receives financial support when needed.