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English definition of “payoff”

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payoff

noun [C] uk   /ˈpeɪ.ɒf/ us    /-ɑːf/

payoff noun [C] (RESULT)

informal the result of a set of actions, or an explanation at the end of something: The payoff for years of research is a microscope which performs better than all of its competitors.

payoff noun [C] (MONEY)

money paid to someone, especially so that they do not cause trouble or so that they will do what you want: It has been alleged that the minister received a secret payoff from an arms dealer.
(Definition of payoff from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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