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What is a payout?

What is a payout? Here are some definitions.

Noun
  1. An amount of money paid out.
  2. The value of dividends paid to shareholders.
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Examples
Mr Butler becomes eligible for the payout as soon as he vacates Government House.
However, the deal stipulates they cannot take the payout and bring separate proceedings for an extra amount.
The smaller dividend payout ratio indicates that the Group is conserving cash for expansion and reducing debt.
In this environment it is the dividend payout that has roared back into fashion.
Insurers will reduce their payout proportionately, if you haven't insured your home fully.
They could receive the payout even while continuing to hold down other jobs.

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