pay down

verb

paid down; paying down; pays down
Synonyms of pay downnext

transitive verb

: to reduce (a debt) by repaying in part

Examples of pay down in a Sentence

Recent Examples on the Web
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Starting on July 1, 2026, borrowers will also have access to a new option to pay down their debt, called the Repayment Assistance Plan, or RAP. Kamaron McNair,annie Nova, CNBC, 2 Mar. 2026 Despite the higher balances, this year's plans echo prior years, when paying down debt was also a priority, Matt Schulz, chief consumer finance analyst at LendingTree, told CBS News. Aimee Picchi, CBS News, 27 Feb. 2026 Of the money raised in the initial public offering, Medline put $4 billion toward paying down debt and is putting another $1 billion toward potential mergers and acquisitions moving forward, Boyle said. Lisa Schencker, Chicago Tribune, 26 Feb. 2026 The president has consistently misrepresented his tariffs, claiming despite evidence to the contrary that foreign governments would pay them and that the revenues would be sufficient to pay down the national debt and give taxpayers a dividend check. Josh Boak, Fortune, 20 Feb. 2026 See All Example Sentences for pay down

Word History

First Known Use

1975, in the meaning defined above

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

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Cite this Entry

“Pay down.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/pay%20down. Accessed 4 Mar. 2026.

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