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pay down sth
— Phrasal Verb with pay /peɪ/ verb (paid, paid)Definition
US
› 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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