payoff

Definitions of "payoff"
  1. The process or action of completely settling a payment to someone
  2. The process of clearing a debt or obligation to a creditor completely
  3. The act of clearing a credit or debt to its full extent
How to use "payoff" in a sentence
  1. The mortgage payoff will be completed with the next installment.
  2. The payoff of the car loan marked the end of their financial commitment to the bank.
  3. After several years, they managed to reach the payoff for their business loan.
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