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

She called on Reeves to pay down the UK's debt to GDP ratio by loosening the fiscal rules and funding industrial renewal in her November budget.

From BBC

Skydance and RedBird Capital Partners also agreed to inject $1.5 billion into Paramount’s balance sheet to help pay down debt.

From Los Angeles Times

The deal is expected to inject $1.5 billion into Paramount’s balance sheet to help the firm pay down debt.

From Los Angeles Times

Families ultimately learn, he says, that essential care is not covered by health insurance, “so incredibly, more and more middle-class Americans are forced to pay down to poverty so that they can qualify for Medicaid. That’s a crazy system for them and for our federal government.”

From Los Angeles Times

Of the sale proceeds, £484m went to them directly, though £71m went to partially pay down the debt they took out to buy the club.

From BBC

Related Words

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