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

He could sell to pay down the mortgage on their home in Lexington, Ky.

From The Wall Street Journal

A large tax refund is not free money to pay down your credit card or an annual bonus so you can take a holiday; it’s an interest-free loan you have given the government.

From MarketWatch

Put simply, gold had become wildly popular over the past year, so when the war started it was the obvious thing to sell, either for caution or to pay down debt.

From The Wall Street Journal

Perpetual plans to pay down debt and focus on organic growth at its remaining asset-management and corporate-trust businesses.

From The Wall Street Journal

In an analyst presentation last month, Conagra CFO David Marberger said the company was ahead of its cash flow goals for 2026, which should give it plenty of capital to invest in the business, pay down debt and maintain the dividend.

From Barron's

Related Words

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