Payoffs
/ˈpeɪˌɔfs/
Definitions
- (n.) Amounts paid or given as compensation, typically to resolve a claim or fulfill an obligation.
The settlement included substantial payoffs to the injured parties.
- (n.) In game theory and contract law, the benefits or returns received from particular actions or decisions.
The contract's payoffs depend on meeting performance targets.
Forms
- payoff
Related terms
See also
Commentary
Often used in contexts involving settlements, inducements, or game theory analysis of contracts; careful distinction is needed between informal 'payoff' as bribe versus formal compensation.
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.