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paydown

From Wiktionary, the free dictionary

English

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Etymology

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Deverbal from pay down.

Noun

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paydown (countable and uncountable, plural paydowns)

  1. (finance) The reissue of an unpaid debt for less than the initial issue.
    • 2009 September 7, “Letters to Cadbury: 'I would ask you to reconsider your rejection ... '”, in Guardian‎[1]:
      The significant cash flow of the enlarged entity following a combination would allow for rapid debt paydown and the continued funding of growth initiatives.
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