payoff

  

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.

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What type of opportunities should entrepreneurs favor? All other things being equal, they should favor ones which have low capital requirements, a high margin for error, significant potential payoffs, low exit costs, and the possibility of an exit strategy at some point.

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