This is an example of a payoff letter used in a syndicated loan transaction. This payoff letter (including the defined terms such as Lenders,.Able to pay off the loan in the end, you had better be frank with him and deny him the loan now. That is my judgment about it. Appears daily in the Treasury statement as gold on hand. In 1987, there were 13,265 Culpeper County residents in the labor force. Unemployment for the County in 1987 was 3.3 percent or 424 persons. The decrease in the long-term debt was primarily due to the payoff of the previously held commercial mortgage loan. Dispositions. Find out how much you'll pay in Virginia state income taxes given your annual income. Customize using your filing status, deductions, exemptions and more.