What is Runoff?
Runoff definition and meaning on Dictionary terms:
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.