Definition, Meaning & Synonyms

cash-payout

noun

kæʃ ˈpeɪaʊt

Definition

A cash payout refers to the act of distributing money to an individual or group, often as a result of a transaction or agreement.

Examples

After winning the lottery, she chose a cash payout instead of an annuity.
The company offered a cash payout to employees as a bonus for meeting performance targets.
Investors received a cash payout when the company declared dividends.

Meaning

A cash payout typically involves payment made in cash rather than through check or electronic transfer. It can occur in various contexts such as insurance claims, lottery winnings, dividends from investments, or as a part of a contractual obligation.