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TeachMeFinance.com - explain Run off historic definition... Run off -- This is a term used in the exchange business. When a banker has sold time bills of exchange (bills payable at a future time) and pays them at maturity (when due) instead of renewing (extending) them he is said to have let his bills run off (in contradistinction to letting them run on). About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.