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English definition of “payoff”

payoff

noun [C] (also pay-off)     /ˈpeɪɒf/
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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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