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Noun: payoff  'pey,óf
  1. The final payment of a debt
    "After making the payoff, they officially owned their home";
    - final payment
     
  2. A recompense for worthy acts or retribution for wrongdoing
    "the payoff of sin is death";
    - wages, reward
     
  3. Payment made to a person in a position of trust to corrupt their judgment
    "The official was caught accepting a payoff to approve the building permit";
    - bribe, kickback [informal], bung [Brit, informal], backhander [Brit, informal]
     
  4. The income or profit arising from such transactions as the sale of land or other property
    "the average payoff was about 5%";
    - return, issue, take, takings, proceeds, yield
Verb: pay off  pey óf
  1. Settle or discharge (a debt, loan, or financial obligation) completely
    "The company paid off its outstanding debts";
    - redeem, liquidate
     
  2. Yield a profit or result
    "His efforts finally paid off"
     
  3. Give something in return to make up for loss, effort, or inconvenience
    "He paid off his debts";
    - pay, make up, compensate
     
  4. Pay someone with influence in order to receive a favour
    "The corporation attempted to pay off the regulators";
    - buy off
     
  5. Take vengeance on or get even
    "He finally paid off his old rival";
    - pay back, get, fix [informal]

Derived forms: payoffs, paid off, pays off, paying off

See also: pay

Type of: aftermath, ante up, bear, bribe, buy, consequence, corrupt, even up, get back, get even, grease the palm of, income, pay, pay up, payment, settle, yield

Encyclopedia: Payoff