pay down

verb

paid down; paying down; pays down

transitive verb

: to reduce (a debt) by repaying in part

Examples of pay down in a Sentence

Recent Examples on the Web During the six months ended March 31, 2024, the Company had operating cash provided by operations of $1.0 million, used $0.5 million to pay down its line of credit and spent $0.2 million on acquisitions of property and equipment and $1.0 million on the acquisition of intellectual property. Fort Worth Star-Telegram, 14 May 2024 Rossman says borrowers who make only the minimum monthly payment can take nearly two decades to pay down their debt. Scott Horsley, NPR, 14 May 2024 Their desire for a stable paycheck is further fueled by their financial vulnerability, as more than a third of students are reportedly concerned about paying down their student loans, and half of students are worried about affording basic necessities post-graduation. Chloe Berger, Fortune, 13 May 2024 At the time, Mr. Trump had paid down his loans with $99 million in sales but still needed more money to complete construction. Paul Kiel Eric Jason Martin Krish Seenivasan Steven Szczesniak, New York Times, 11 May 2024 The proceeds were used in part to pay down debt, including extending bond maturity obligations. Etan Vlessing, The Hollywood Reporter, 9 May 2024 Such borrowing can be used for things like vacations, weddings, new cars, investments, medical bills, paying down debt, or starting a business. Jason Ma, Fortune, 5 May 2024 Redstone would receive up to $2 billion from the Skydance-NAI transaction; in addition, Skydance would pay a premium for Paramount Global shares and pay $3 billion to the company to help pay down debt. Todd Spangler, Variety, 2 May 2024 Under Biden’s latest plan, previewed Monday, more than 4 million student loan borrowers — many of whom have been paying down their debt for 20 years or more — could see the rest of their debt canceled, according to the White House. Laura Gersony, The Arizona Republic, 8 Apr. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'pay down.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1975, in the meaning defined above

Time Traveler
The first known use of pay down was in 1975

Dictionary Entries Near pay down

Cite this Entry

“Pay down.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/pay%20down. Accessed 28 May. 2024.

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