Pay down

usgb
verb

To reduce an amount of money that you owe.

He is working overtime to pay down his student loan debt.
Visual representation of "pay down" - to reduce an amount of money that you owe

Often appears as...

  • pay down debt
  • pay down loans
Definition 1 of 2
Visual representation of "pay down"
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Financial Focus

Used when discussing money management, especially paying off debt.

Illustration for Financial Focus
She aims to pay down her credit card balances first.
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Long-Term Process

Suggests an ongoing effort, not a single payment.

Illustration for Long-Term Process
I plan to pay down my car loan over the next five years.
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Budget Planning

Often implies intentional budgeting to reduce debt steadily.

Illustration for Budget Planning
They're budgeting extra each month to pay down their mortgage.
Visual representation of the word "Pay down"

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