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.
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 Some are pushing the upcoming administration to go a step further by creating a bitcoin strategic reserve, arguing that building up the country's cryptocurrency assets would help the government pay down its debt. Bailey Schulz, USA TODAY, 20 Dec. 2024 That gives you time to meaningfully pay down your principal without having to throw money away on interest. Jeanne Sahadi, CNN, 19 Dec. 2024 The program gives property poor districts a higher value per penny on their debt tax, which districts use to pay down facilities bonds, according to the Texas Education Agency. Keri Heath, Austin American-Statesman, 18 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 2 Jan. 2025.

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