pay down

British  

verb

1. (adverb) to pay (a sum of money) at the time of purchase as the first of a series of instalments

---

Example Sentences

But the company will also need to pay down a lot of debt to get back to an investment-grade credit rating, which Paramount Chief Strategy Officer Andy Gordon said the company was “absolutely committed to” in an earnings call on Wednesday.

From The Wall Street Journal

Your cars are old, which means they’ll eventually need to be repaired or replaced, and you still have a mortgage to pay down.

From MarketWatch

Having an income outside of drawing down your investment accounts goes a long way in your 50s, since it’s a time to bulk up your retirement nest egg, pay down big debts like a home loan, and get yourself situated for your old age.

From MarketWatch

They cut costs aggressively, run out the revenue stream, and use every dollar of incoming cash to pay down the loan before the terminal decline arrives.

From Barron's

But the higher percentage of household income that is being spent on interest payments does indicate that, at the very least, many Americans will likely spend the expected higher tax incomes to pay down debt.

From Barron's

Related Words

• allocate
• concentrate
• consume
• contribute
• donate
• drop
• employ
• expend
• give
• invest
• put in
• settle
• use
• waste