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term:
Payoff
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payoff n
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1 : the act or an instance of paying someone off
: bribe compare kickback
2 : the act of paying a debt or creditor in full [would release the lien upon the of the balance]
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.