"Pay in" refers to the inflow of funds into a financial account, representing the act of depositing money. This can involve putting cash or a cheque into a bank account, adding capital to an investment account, or a customer making a payment to a business.
In the stock market, "pay-in day" is when sellers deliver their shares to the clearing corporation during the settlement process.
Pay out refers to the disbursement or outflow of funds from an account or entity to another party. It represents money going out, contrasting with "pay in."
Examples include insurance claim settlements, dividend payments to shareholders, employee salaries, and withdrawals from bank or trading accounts.
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