pay down (Meaning)

pay down

to reduce (a debt) by repaying in part

to reduce (a debt) by repaying in part

pay up,pay off, satisfy, settle, give back, liquidate, render (to),compensate, quit, reimburse

No antonyms found.

I am diligently paying down my mortgage to reduce my monthly expenses.

The bank requires a certain amount of equity before approving a loan, so I need to pay down my credit cards.

To consolidate my debts, I am paying down the highest interest loans first.

I have a goal of paying down $5,000 in student loan debt this year.