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English definition of “payoff”

payoff

noun [C]  /ˈpeɪˌɔf/ us  

payoff noun [C] (REWARD)

infml a result that rewards you for your effort or work: After years of study, the payoff is supposed to be a good job.

payoff noun [C] (MONEY)

money paid to someone for something that you want done or to not cause you trouble: He denied receiving any kickbacks or payoffs for giving a large contract to the company.
(Definition of payoff from the Cambridge Academic Content Dictionary © Cambridge University Press)
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