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Meaning of runoff

run•off

Pronunciation: (run'ôf", -of"), [key]
— n.
  1. something that drains or flows off, as rain that flows off from the land in streams.
  2. a final contest held to determine a victor after earlier contests have eliminated the weaker contestants.
  3. 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.
  4. Also calleda continual or prolonged reduction, esp. in quantity or supply: a runoff in bank deposits; a sharp runoff in business inventories.
  5. the final prices appearing on the ticker after the closing bell is rung for the trading day.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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