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Dictionary

pay•back

Pronunciation: (pā'bak"), [key]
—n.
1. the period of time required to recoup a capital investment.
2. the return on an investment: a payback of 15 percent tax-free.
3. the act or fact of paying back; repayment.
4. something done in retaliation: a really vicious payback for years of being snubbed.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

pay-as-you-go

paycheck

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