IPA: /ˈpeɪ.aʊt/
KK: /ˈpeɪˌaʊt/
A payment of money, often a large sum, given to someone, especially as compensation or a share of profits.
The company announced a significant payout to its shareholders this quarter.
Payout → It is formed from "pay" (from Old French *paier*, meaning to pay or settle) and "out" (meaning away or outside). The word "payout" refers to the act of paying out money or distributing funds.
Think of the act of 'paying' someone and then sending that money 'out' — that's why a payout means distributing money.