payoutinstruction
nounUK /ˈpeɪaʊt ɪnˌstrʌkʃən/
US /ˈpeɪaʊt ɪnˌstrʌkʃən/
A payout instruction is a note that tells someone how to send money.
The bank followed the payout instruction and sent the money to her account.
RELATED WORDS
OTHER MEANINGS
2. A written rule telling a company how to pay out winnings or profits.
The lottery winner submitted a payout instruction to receive the prize.
3. A digital command that tells a system to release funds automatically.
The app sent a payout instruction to the payment processor every Friday.
4. A set of directions for distributing money to several people.
The charity's payout instruction listed how each family would be paid.