The phrase "income payout" refers to the money you receive regularly from sources such as your job or investments. It is the amount of money you get paid or earn for your work or assets. Full definition
To fulfill the life stage financial requirements in accordance to the annual inflation, this plan offers increase in monthly income payout option. (coverfox.com)
If so, then consider higher limits of personal injury protection or bodily injury coverage which includes a loss of income payout if you are seriously injured and unable to work. (carinsurancequote.net)
(There are also other income payout options that may be chosen, such as receipt of an income for a set number of years). (rootfin.com)