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.
The president suggested the $5 million payments would go toward paying down the national debt. Kathryn Watson, CBS News, 26 Feb. 2025 DeSantis said Florida saved $3.8 billion in last year's budget and has paid down 41 percent of state debt since 2019. Matt Robison, Newsweek, 25 Feb. 2025 DeSantis would also spend $830 million to pay down state debt ahead of schedule, an effort that has become a frequent talking point at his campaign events. Lawrence Mower, Miami Herald, 3 Feb. 2025 Trump just told the WEF that companies who move to America will pay the lowest taxes in the industrialized world, and that companies that don't will pay trillions of dollars in tariffs into the U.S. Treasury to pay down our debt. John Yoo and John Shu, Newsweek, 23 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

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Cite this Entry

“Pay down.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/pay%20down. Accessed 9 Mar. 2025.

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