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 That would exceed the all-time high of 106.1 percent of gross domestic product in 1946, a year when the United States was still demobilizing from World War II and had not begun paying down the massive borrowing needed to fund a global military effort. Editorial Board, Washington Post, 20 June 2024 But 61 percent of the parents say that helping their kids has meant making significant sacrifices in their own lives, like dipping into their emergency savings (43%), paying down/off debt (41%), or pulling back on their retirement savings (37%). Jill Schlesinger, The Mercury News, 17 June 2024 Its future is up in the air as Correa and his wife, Aurora, struggle to pay down the defunct theater’s property taxes — about $37,000 total — ahead of the city’s final June 17 deadline. Megan Ulu-Lani Boyanton, The Denver Post, 12 June 2024 Biden is far from the first president to release some of the barrels; both Republicans and Democrats have done so, particularly after hurricanes or other natural disasters, or even to generate revenue to pay down the national deficit. Byalicia Adamczyk, Fortune, 6 June 2024 See all Example Sentences for pay down 

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 7 Jul. 2024.

More from Merriam-Webster on pay down

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!