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• The complete repayment of a loan, including principal, interest, and any other amounts due. Payoff occurs either over the full term of the loan or through prepayments.

  National Credit Union Administration - Cite This Source - This Definition
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  Cite Definition for Payoff

  American Psychological Association (APA)

  Payoff. (n.d.). Pocket Cents Glossary. Retrieved March 25, 2023, from website: http://www.expertglossary.com/definition/payoff.

  Chicago Manual of Style (CMS)

  Payoff. www.mycreditunion.gov. Pocket Cents Glossary. National Credit Union Administration. http://www.expertglossary.com/definition/payoff (accessed: March 25, 2023).

  Modern Language Association (MLA)

  "Payoff." Pocket Cents Glossary. National Credit Union Administration. 25 March. 2023 http://www.expertglossary.com/definition/payoff.

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