What context can I use each word in?
Learn when and how to use these words with these examples!
payoff
Example
The payoff for all of our hard work was a successful product launch. [payoff: noun]
Example
I finally finished my project, and the payoff was a sense of accomplishment. [payoff: noun]
Example
I need to make a payoff on my credit card bill this month. [payoff: noun]
liquidation
Example
The company went into liquidation after failing to pay its debts. [liquidation: noun]
Example
The business owner decided to liquidate his assets to pay off his debts. [liquidate: verb]
Example
The bank is going through a process of liquidation to recover its losses. [liquidation: noun]
Good things to know
Which word is more common?
Payoff is more commonly used than liquidation in everyday language. Payoff is a versatile word that can be used in various contexts, while liquidation is a more specific term that is primarily used in a business or financial context.
What’s the difference in the tone of formality between payoff and liquidation?
Both payoff and liquidation are formal words that are typically used in business or financial contexts. However, liquidation is more formal and technical than payoff, which is a more general term that can be used in both formal and informal contexts.
