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.
Of the $41 million the Austin district would keep, $17.8 million would pay for employee raises, $3 million would go toward hiring instructional aids and the rest would pay down the districts $119 million deficit. Keri Heath, Austin American-Statesman, 24 Oct. 2024 Another $15,000 was used to pay down one of Do’s credit card bills. Michael Slaten, Orange County Register, 22 Oct. 2024 The big picture: After realizing the upswing in consumer spending would level off post-pandemic, retailers like Walmart and Macy's began paying down debt, rating analysts say. Richard Collings, Axios, 4 Nov. 2024 Because the building has diminished in value, Trump would also have to be willing to pay down his existing mortgage with cash and to take out a smaller loan. Paula Aceves, Curbed, 31 Oct. 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 29 Nov. 2024.

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Last Updated: - Updated example sentences
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