paying down (Meaning)

paying down

to reduce (a debt) by repaying in part

I'm paying down my mortgage diligently every month to reduce my debt.
The homeowner prioritized paying down their student loans to improve their financial situation.
The company focused on paying down its high-interest credit card debt to save money on interest charges.
By paying down their car loan early, the family was able to purchase a new vehicle with a lower payment.
The small business owner used their profits to pay down their business loan, reducing their monthly expenses.
The investor allocated a portion of their savings to paying down their mortgage, building equity faster.
The entrepreneur made extra payments on their business credit line to pay down the balance and improve their credit score.
The couple paid down their credit card debt using a balance transfer to reduce their overall interest payments.
The homeowner refinanced their mortgage with a lower interest rate, freeing up more funds to pay down their principal.
The organization raised funds through various campaigns to pay down its outstanding debts and secure its financial future.

to reduce (a debt) by repaying in part

paying up,paying off, rendering (to),satisfying, giving back, settling, liquidating, quitting, compensating,reciprocating

No antonyms found.

I'm paying down my mortgage diligently every month to reduce my debt.

The homeowner prioritized paying down their student loans to improve their financial situation.

The company focused on paying down its high-interest credit card debt to save money on interest charges.

By paying down their car loan early, the family was able to purchase a new vehicle with a lower payment.