Payoff
/ˈpeɪˌɔf/
Definitions
- (n.) The final or net result of a transaction, deal, or decision, especially the amount received or gained.
The payoff from the investment exceeded all expectations.
- (n.) A bribe or illegal payment intended to influence an official or decision.
The company was investigated for offering a payoff to secure the contract.
Forms
- payoffs
Related terms
See also
Commentary
In contracts, 'payoff' typically refers to the total amount required to settle an obligation; be precise to avoid ambiguity with illicit payments.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.