Meaning of “payoff” in the English Dictionary

"payoff" in American English

See all translations

payoffnoun [ C ]

us /ˈpeɪˌɔf/

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)

"payoff" in Business English

See all translations

payoffnoun [ C ]

also pay-off uk /ˈpeɪɒf/ us

HR, WORKPLACE money that is paid to someone so that they do not cause trouble, or to persuade them to leave their job:

to accept/receive a payoff
to demand/negotiate a payoff
If her contract is terminated she will be in line for a $1.2m pay-off.

money received from a business arrangement or an investment:

The deal is forecast to produce a pay-off of $160,000.
The payoff was greater than investors had been led to believe.

an advantage gained as the result of a decision, series of actions, etc.:

The payoff from the new organizational structure has been enormous, for instance in cutting project lead times by 50%.

(Definition of “payoff” from the Cambridge Business English Dictionary © Cambridge University Press)