payoff
- noun
- /ˈpeɪˌɔf/
- The bank provided a detailed statement of the mortgage payoff amount after all outstanding payments had been made.
- debt payoff
And so with that, we are done with our major push towards debt payoff this year.
- And so with that, we are done with our major push towards debt payoff this year.
- So now that you're on this like totally different part of your financial journey and you are past the debt payoff, you know what your next goals and steps are.
- The specific issue is how the payoff would be handled.
- Are you in the growth and wealth building phase or are you in the payoff and then retire phase?
Examples
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If not, talk to your lender about 30-year payoff strategies.
Blog text (29) -
I sent GMAC the payoff in Mar 08.
Blog text (23) -
Now we are seeing more payoff right now, which is great, more debt payoff.
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You deserve to have a debt payoff plan that actually works.
Blog text (6) -
The specific issue is how the payoff would be handled.
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My dad put me in charge of the church's mortgage payoff fundraiser.
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Final payoff would be in month 283, reducing the time by 77 months.
Blog text (15) -
A debt settlement company also documents each payoff to ensure it is properly noted on your credit report as well as for future reference should an inaccuracy later appear.
Blog text (21) -
Her sole benefit from the refinance was the payoff of the tax lien, which she could have satisfied with direct payments to the New York City Department of Finance through an affordable payment plan.
Academic text (2006) -
To clear her debts, she worked hard to complete the payoff of her student loans in just five years.
Synonyms
Money given for goods, services, or to settle a debt
Money you return after you borrowed it
Last money you pay to finish a debt
Payment that finishes a debt or legal agreement
The act of paying back money you owe so the debt ends
Antonyms
How Final
Surface Forms
Morphology
Etymology
Payoff comes from the phrase pay off meaning 'to finish paying' a debt, where pay is 'give money' and off is 'completely'. That's why a payoff is the final payment that settles a loan or obligation.