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

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Example Sentences

Its leadership, including Chief Executive David Zaslav, spent nearly three years cutting staff and pulling the plug on projects to pay down debt.

From Los Angeles Times

And, following the developments far more hawk-like than was typical for me, I managed to leap out two weeks before bankruptcy with enough to pay down margin and bank loans, leaving me with about $5,000.

From Barron's

Copper cathodes manufacturer Yunnan Jinxun Resources aims to start trading on Jan. 9, and plans to use most of its IPO net proceeds to expand its core operations and about 10% to pay down debt.

From The Wall Street Journal

The remaining 31% said they want to pay down debt in 2026, while 15% want a raise and 2% seek to improve their credit score.

From MarketWatch

Semiconductor firm Sequans took a different route, selling 970 bitcoins to pay down part of its convertible debt.

From Barron's

Related Words

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