payoffdate

noun

UK /ˈpeɪ.ɒf deɪt/

US /ˈpeɪ.ɔf deɪt/

The day when you finish paying back money you borrowed.

Our payoff date for the car loan is next June.

SYNONYMS

due date settlement date final payment date maturity date completion date

RELATED WORDS

loan debt payment installment interest

OTHER MEANINGS

2. The date on which a bet or wager is settled and winnings are paid.

The payoff date for the race bet is the same afternoon.

3. The day a financial investment or scheme produces its final return.

Investors marked the payoff date on their calendars.

4. The deadline by which a task or plan must show results.

The manager set a payoff date for the new sales strategy.