pay off (1)
Meaning: If you pay off a loan, you pay it back in installments over a period of time.
- 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
If you can't pay off the loan you took out to buy your house, you'll
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Contributor: Matt Errey