The amount owed according to a statement from the related institution; this value often differs from total payoff amount. (lendedu.com)
No more than the lesser of $ 250,000 or total payoff amounts verified by existing holders of qualified loans. (investedindiana.org)
(In terms of settlements and lottery winnings, they pay a portion of total payoff to the person in question and then collect the monthly or annual payments over the years). (insuranceproviders.com)