Runoff

What is Runoff?

Runoff definition and meaning on Dictionary terms:
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.

 

reference: https://www.dictionary.com/browse/runoff

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