The phrase "total payout" refers to the overall amount of money that is given or paid out to someone or a group of people. It represents the complete sum or total payment that is distributed. Full definition
This number is the maximum total payout for all property damaged in a single accident. (progressivecommercial.com)
Today, it claims millions of paid players and projects more than $ 2 billion in total payouts this year. (businessinsider.com)
With a split limit, the first number describes the maximum payout per - person, and the second number is the maximum total payout per accident. (progressivecommercial.com)