pay out phrasal verb ( see also ↑ pay )
1 . pay out (something) to pay a lot of money for something:
Why is it always me who has to pay out?
pay out (something) for
Altogether he had paid out almost £5000 for the improvements.
2 . pay out (something) if a company or organization pays out, it gives someone money as a result of an insurance claim, ↑ investment , competition etc:
Insurance companies were slow paying out on claims for flood damage.
⇨ ↑ payout
3 . pay something ↔ out to let a piece of rope unwind