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English definition of “pay down sth”

pay down sth

US phrasal verb with pay     /peɪ/ verb (paid, paid)
FINANCE to pay part of an amount of money that you have borrowed , reducing the total debt : The group is expected to sell its television assets to begin to pay down debts of almost $400m. → Compare paydown
(Definition of pay down sth from the Cambridge Business English Dictionary © Cambridge University Press)
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