Pay Off

Business, Legal & Accounting Glossary

Definition: Pay Off


Pay Off


Full Definition of Pay Off


phrasal verb to finish paying money which is owed for something ExamplesHe won the lottery and paid off his mortgage. • She is trying to pay off the loan by monthly instalments. to terminate somebody’s employment and pay all wages that are due ExampleWhen the company was taken over the factory was closed and all the employees were paid off. to finish paying money which is owed for something to terminate somebody’s employment and pay all wages that are due


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/pay-off/
Modern Language Association (MLA):
Pay Off. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/pay-off/.
Chicago Manual of Style (CMS):
Pay Off. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/pay-off/ (accessed: March 29, 2024).
American Psychological Association (APA):
Pay Off. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/pay-off/

Definition Sources


Definitions for Pay Off are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.