pay down
English
[edit]Verb
[edit]pay down (third-person singular simple present pays down, present participle paying down, simple past and past participle paid down)
- (transitive) To partially repay (a loan or, metonymically, the thing financed by it).
- Coordinate term: pay off
- He paid down his loan for the first five months.
- He ought to pay down his car before he even thinks about buying any more collectibles.
Derived terms
[edit]- paydown (noun)
Related terms
[edit]- down payment
- pay back (verb)