Cryptic crossword clue
Pay o? bit left in a payment due to new ruler 8

The most common and most likely answer to this crossword clue is the 8 letter word AMORTISE

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Buddy explains!

The straight part
We know that "Pay o?" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case pay o? = amortise.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does AMORTISE mean?

AMORTISE verb
  1. To alienate (property) in mortmain.
  2. To wipe out (a debt, liability etc.) gradually or in installments.
  3. To even out the costs of running an algorithm over many iterations, so that high-cost iterations are much less frequent than low-cost iterations, which lowers the average running time.

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