Keyword Analysis & Research: payoff

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What is the definition of payoff?

Definition of payoff. 2 : the act or occasion of receiving money or material gain especially as compensation or as a bribe 3 : the climax of an incident or enterprise specifically : the denouement of a narrative 4 : a decisive fact or factor resolving a situation or bringing about a definitive conclusion.

What is a payoff request?

A Payoff Letter is a letter that is required often by a Lender proving that other loans the borrower had are paid off and have a $0 Balance. Examples of a Payoff Letter: – A request to show other small business loans are paid off. – A request to verify that a credit card is paid off.

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