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pay off (1)

Meaning: If you pay off a loan, you pay it back in installments over a period of time.

For example:

  • pay sth off They took out a loan to buy their house and they'll pay it off over the next twenty-five years.

  • pay off sth Have you paid off your car loan yet, or do you still owe some money to the bank?

  • be paid off If we keep giving the bank a thousand dollars a month, our credit cards will be paid off by the end of next year.

Nouns often used as objects with
pay off (1): loan, mortgage, debt, house, car, credit card

Quick Quiz:

If you can't pay off the loan you took out to buy your house, you'll
  1. own it
  2. rent it
  3. lose it

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