pay‧off /ˈpeɪɒf $ -ɒːf/
noun [countable]1. an advantage or profit that you get as a result of doing something:
With electric cars there is a big environmental payoff.2. a payment that is made to someone, often illegally, in order to stop them from causing you trouble ⇒
bribe:
Union leaders allegedly received huge payoffs from the company’s bosses.3. a payment made to someone when they are forced to leave their job ⇒
redundancy:
The average payoff to staff was about £2000. [TahlilGaran] Dictionary of Contemporary English ▲