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English / phrasal verb

Pay off balance

MEANING IN ENGLISH

to settle and clear the entire remaining debt or amount owed on an account

In context

01

He worked extra shifts over the summer so he could pay off his credit card balance in full.

02

It is wise to pay off your balance every month to avoid paying high interest charges.

Synonyms

Clear debt,settle balance,pay in full

Antonyms

Accumulate debt,roll over balance,default on payment

Collocations

Pay off balance in full,strive to pay off balance,pay off outstanding balance

Sources

Bidyazo vocabulary library ↗