money paid to finish paying something which is owed, such as money paid to an employee when his or her employment is terminated

"...the finance director of the group is to receive a payoff of about £300,000 after deciding to leave the company and pursue other business opportunities" [Times]

Browse by Subjects
Asian option
digital option
See All Related Terms »

Exchange versus Cash
Consolidated Tape System (CTS)
risk aversion
bookkeeping barter
exponential smoothing