Meaning of “pay sth off” in the English Dictionary

business-english dictionary

(Definition of “pay sth off” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"pay sth off" in Business English

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pay sth off

phrasal verb with pay uk /peɪ/ us verb paid, paid

FINANCE to finish paying back money that you owe for something:

pay off a debt/loan/mortgage Student loans are usually paid off at a very preferential rate.

(Definition of “pay sth off” from the Cambridge Business English Dictionary © Cambridge University Press)