paydown
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English[edit]
Etymology[edit]
Noun[edit]
paydown (countable and uncountable, plural paydowns)
- (finance) The reissue of an unpaid debt for less than the initial issue.
- 2009 September 7, “Letters to Cadbury: 'I would ask you to reconsider your rejection ... '”, in Guardian[1]:
- The significant cash flow of the enlarged entity following a combination would allow for rapid debt paydown and the continued funding of growth initiatives.