payoff
noun

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
digital option
Asian option
See All Related Terms »

knowledge management
surrender
simple interest
abacus
excess profits tax