pay down


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 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 The company also conducted several stock exchange agreements at the end of 2023 to pay down some of its debt. Caitlin Huston, The Hollywood Reporter, 28 Feb. 2024 But borrowers shouldn’t wait to pay down any existing high-interest debt, said Greg McBride, chief financial analyst at Bankrate. J.j. McCorvey, NBC News, 21 Feb. 2024 Rather than pump money into their businesses, the thinking went, companies would use their declining profits to pay down debt. Nicholas R. Lardy, Foreign Affairs, 2 Apr. 2024 The Strive bucket includes saving, investing, paying down debts—anything that moves the needle on growing your overall net worth. Bernadette Joy, Forbes, 29 Mar. 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.” Dictionary, Merriam-Webster, Accessed 23 May. 2024.

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