pay down

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’s capital allocation strategy has been to use free cash flow mainly to buy back stock, rather than to pay down debt.

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These can be a great option for financing large purchases, experts say, giving you a year or more to pay down the debt interest-free.

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Instead, they are using their newfound income to pay down debts and invest in higher quality cattle.

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Its capital investments are low—just about $90 million—and management plans to continue to pay down its $77 million in net debt, which its annual profits easily cover.

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With the proceeds from the stake sale, Brewer said the company can reinvest in its business, pay down debt and repurchase shares.

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Related Words

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