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    Payment Vs Payout Meaning

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    Payout refers to a sum of money received, either in a lump sum or on a regular basis. It is the process of making a payment to a recipient. Payment, on the other hand, is a more general term that can refer to any form of remuneration or settlement. In the context of business, payouts are made to suppliers, freelancers, employees, customers (for refunds), and other parties.
     
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