pay down

English

Verb

pay down (third-person singular simple present pays down, present participle paying down, simple past and past participle paid down)

1. (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

• paydown (noun)

Related terms

• down payment
• pay back (verb)