Meaning of “pay down something” in the English Dictionary

american-english dictionary

"pay down something" in American English

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pay down something

phrasal verb with pay us /peɪ/ verb past tense and past participle paid /peɪd/

to reduce a debt:

She plans to live at home with her mother while she pays down her student loan.

(Definition of “pay down something” from the Cambridge Academic Content Dictionary © Cambridge University Press)