"Pay out" is a commonly used term, but there are plenty of synonyms that can be used interchangeably depending on the context. Payout synonyms include disburse, distribute, reimburse, remunerate, compensate, settle, and compensate. Disburse is often used when referring to the distribution of funds, while distribute can be used more broadly when referring to goods or resources. On the other hand, reimburse and remunerate are often used when referring to payment for expenses or services. Settle and compensate are both commonly used in legal or insurance settings as modes of resolving disputes or providing restitution. Whatever the context, these synonyms for "pay out" allow for a greater degree of specificity and nuance.