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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Trump's crisp and eloquent narrative on the utility of bitcoin as a strategic reserve to be used to pay down national debt in both open and closed door sessions impressed many. Lawrence Wintermeyer, Forbes, 19 Dec. 2024 That's money that could be returned to taxpayers, invested in business development, or used to pay down the national debt. Raja Krishnamoorthi, Newsweek, 16 Dec. 2024 Then, at the end of October, Sotheby’s finalized a $1 billion investment from ADQ; more than $800 million of that sum was immediately used to pay down its own $1.65 billion debt, Sotheby’s said. Julia Halperin, New York Times, 13 Dec. 2024 And financial resolutions like paying down debt or saving more money are some of the most common goals people set year after year. Kamaron McNair, CNBC, 28 Dec. 2024 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

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 7 Jan. 2025.

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