Definitions (2)

1.Benefit received.
2.Complete repayment of a loan (principal plus interest), full discharge of an obligation, or the return from a deal, decision or investment.

Use payoff in a sentence

  • You must make sure that the payoff will be high enough before you take on a long time consuming project.

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  • I knew the payoff would be great down the road and it would benefit our company a lot, including the employees.

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  • All borrowers are able look forward to that day in the future when they reach payoff and no longer have the structured payments to make.

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