pay off
phrasal verb
  1. to finish paying money which is owed for something

    Examples
  2. to terminate somebody's employment and pay all wages that are due

    Example

    When the company was taken over the factory was closed and all the employees were paid off.

Browse by Subjects
flexibility
redeem
amortise
spread betting
debt counselling
See All Related Terms »

Headline inflation
overseas markets
deductible
SMEs
open cheque