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PayoffThe payment in full of an existing loan or other lien.Payoff Similar MatchesAppel Loan (Accelerating Payoff Progressive Equity Loan)Appel Loan (Accelerating Payoff Progressive Equity Loan)A residential property loan which calls for a payment increase over the first 6 years. Level payments are made for the remaining years and the loan paid off during the 15th year. There is no prepayment penalty and P.M.I. is required. Payoff profilePayoff profileThe slope of a line graphed according to the value of an underlying asset on the x-axis and the value of a position taken to hedge against risk exposure on the y-axis. Also used with changes in value. See: Risk profile. Payoff diagramPayoff diagramIn option pricing, a graph of the value of the option position at expiration as a function of the underlying asset price. Payoff EscrowPayoff EscrowAn escrow, specifically for the purpose of paying off an existing lien. Usually part of an existing escrow, and called a sub escrow. |
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