pay down phrasal verb

1. (especially North American English) to reduce an amount of money that you owe by paying some of it
   • ● She used the money to pay down her mortgage.

   Definitions on the go

   Look up any word in the dictionary offline, anytime, anywhere with the Oxford Advanced Learner’s Dictionary app.

[TahlilGaran] English Dictionary ▲

pay down
pay down (something)
to reduce the total amount of money owed.
If this trend continues, the government could start paying down the national debt.

We've got a big mortgage on the house and want to pay it down as quickly as we can.

Usage notes: most often used in connection with large debts

[TahlilGaran] English Idioms Dictionary ▲

pay down something
pay down (something)
to reduce the total amount of money owed.
If this trend continues, the government could start paying down the national debt.

We've got a big mortgage on the house and want to pay it down as quickly as we can.

Usage notes: most often used in connection with large debts

[TahlilGaran] English Idioms Dictionary ▲

pay down
v. phr.
1. To give as a deposit on some purchase, the rest of which is to be paid in periodic installments.
"How much can you pay down on the house, sir?" the realtor asked.
2. To decrease a debt with periodical payments.
I'd like to pay down the charges on my credit cards.
Compare: DOWN PAYMENT.

[TahlilGaran] English Idioms Dictionary ▲