payoff


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payoff

The amount necessary to pay a loan in full,with all accrued interest and fees and the prepayment penalty, if applicable. Payoff figures are usually provided to a closing company as correct on a given day.If closing is delayed,the lender has also provided a per diem charge to increase the payoff for every day of delay.

References in periodicals archive ?
Southwire's SIMpull REEL payoff is designed to make the entire process of handling, transporting, setting up and pulling indoor feeder wire reels significantly more efficient.
Payoff employees consider themselves members of Team Payoff, where they get to collaborate and innovate in building next-generation consumer financial services.
These massive payoffs are clearly part of a culture across Whitehall and the public sector, but they are so far divorced from the reality faced by my constituents.
And after an outcry from MPs over the "excessively generous" payoffs, the National Audit Office are to launch a probe.
Prior to 2008, the monthly payoff percentages were typically well north of 70 percent," Trepp said.
Figure 1 shows typical indifference curves for the two-agent version of the Fehr and Schmidt (1999) model for the dictator's ("my") money payoff m and the other person's ("your") money payoff y.
6 percent payoff to the carry trade in 2008 masks great heterogeneity in the individual carry-trade payoffs.
These games are identical up to a constant; the low-payoff game is obtained from the high-payoff game by subtracting the same number (40) from all payoffs.
This payoff structure is known as "the prisoners' dilemma.
In the case of a short sale transaction, the agent or broker not only lists, markets and sells the home, but the broker also negotiates directly with the lender or loan service to settle the mortgage payoff at a discount of the balance due on the note.
However, spurned lovers showed more activity in the nucleus accumbens and the ventral striatum, regions associated with evaluating risks and sizing up payoffs when gambling.