The pay-off definition as per the Cambridge Dictionary is ‘to pay back money that you owe’. This term is usually used in the context of paying off a loan and means that you have serviced your debt obligation in full. Your pay-off amount refers to the total amount you need to pay, including your principal …
Post Type Archives: Glossary
Payroll Card
In some organisations, you may come across this term and wonder, what is payroll card? It is a reloadable prepaid card that your employer uses to pay your salary on your payday. These cards come with numerous benefits, including wide acceptance. You can use these cards wherever electronic payments work. They also offer convenience since …