Meaning of the word payoff in English

What does payoff mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

payoff

US /ˈpeɪ.ɑːf/
UK /ˈpeɪ.ɒf/

Noun

1.

a payment made to someone, especially as a bribe or reward

Example:
The politician was accused of taking a large payoff.
The company offered a generous payoff to the retiring CEO.
2.

the financial return or benefit from an investment or undertaking

Example:
The long hours finally brought a big payoff.
Investing in education has a significant long-term payoff.