pay down

verb

paid down; paying down; pays down

: to reduce (a debt) by repaying in part

Examples of pay down in a Sentence

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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 Rather than pay down the debt with cash, the Trump Organization opted to refinance. —

Dan Alexander, Forbes, 30 Oct. 2024 While the exact terms of the deal—or the company’s new valuation—were not disclosed, a Sotheby’s spokesperson said that $800 million of the cash injection has been earmarked for paying down the auction house’s $1.65 billion long-term debt. —

Daniel Cassady, ARTnews.com, 30 Oct. 2024 See all Example Sentences for pay down