paydown

Definition from Wiktionary, the free dictionary
Jump to navigation Jump to search

English[edit]

Etymology[edit]

pay +‎ down

Noun[edit]

paydown (countable and uncountable, plural paydowns)

  1. (economics) 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.