runoff

[ ruhn-awf, -of ]
/ ˈrʌnˌɔf, -ˌɒf /

noun

something that drains or flows off, as rain that flows off from the land in streams.
a final contest held to determine a victor after earlier contests have eliminated the weaker contestants.
a deciding final contest held after one in which there has been no decisive victor, as between two contestants who have tied for first place.
Also called rundown. a continual or prolonged reduction, especially in quantity or supply: a runoff in bank deposits; a sharp runoff in business inventories.
Stock Exchange. the final prices appearing on the ticker after the closing bell is rung for the trading day.

Origin of runoff

1850–55, Americanism; noun use of verb phrase run off; (def 2, 3) see -off
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

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