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.
In this model, as the price of the bitcoin collateral increases, borrowers could reduce their debt by either paying down the mortgage or using the rising collateral price to offset outstanding balances. Dave Birnbaum, Forbes, 16 Jan. 2025 Consumer credit data released this week also shows U.S. borrowers are seeking to pay down their debt after an aggressive run-up in purchasing behavior. Rob Wile, NBC News, 10 Jan. 2025 The best way to pay down debt The best move for those struggling to pay down credit card debt is to consolidate with a 0% balance transfer card, Bankrate’s Rossman said. Jessica Dickler, CNBC, 8 Jan. 2025 Proponents of a stockpile or reserve believe such a fund would bring big benefits, including tying the U.S. strategically to the growth of bitcoin and giving the government scope to use bitcoin gains to pay down the country's large debts. Rafael Nam, NPR, 6 Jan. 2025 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 20 Jan. 2025.

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