pay ‧ off /ˈpeɪɒf $ -ɒːf/ BrE AmE 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.