pay down sth Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “pay down sth” in the English Dictionary

"pay down sth" in British English

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pay down sth

phrasal verb with pay uk   us   /peɪ/ verb (paid, paid)
to ​paypart of an ​amount that you ​owe, so that the ​debt is ​reduced: She ​plans to ​live at ​home with her ​mother while she ​pays down her ​studentloan.
(Definition of pay down sth from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"pay down sth" in Business English

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pay down sth

US
phrasal verb with pay uk   us   /peɪ/ verb (paid, paid)
FINANCE to ​paypart of an ​amount of ​money that you have ​borrowed, ​reducing the ​totaldebt: The ​group is expected to ​sell its ​televisionassets to begin to ​pay down ​debts of almost $400m.
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(Definition of pay down sth from the Cambridge Business English Dictionary © Cambridge University Press)
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