Stop payment - we object during pay out (7)

I believe the answer is:

suspend

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'stop payment' is the definition.
'suspend' can be an answer for 'stop' (thesaurus). I am unsure of the 'payment' bit.

'we object during pay out' is the wordplay.
'we object' becomes 'us' (object pronoun for 'we').
'during' indicates putting letters inside.
'pay out' becomes 'spend' (I've seen this before).
'us' put inside 'spend' is 'SUSPEND'.

Can you help me to learn more?

(Other definitions for suspend that I've seen before include "Temporarily render inoperative" , "Adjourn" , "Bar temporarily" , "Temporarily halt; hang" , "put on line" .)

I've seen this clue in The Globe and Mail.

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