1. a reduction in the amount of money owed, especially on a debt or loan
Usage: commonly used in finance and economics

Examples

• The company announced a significant paydown of its long-term debt.
• Making a large paydown on your mortgage can save you thousands in interest.
• The government's paydown of federal debt was slower than expected.
• She used her bonus to make a paydown on her student loans.
• The bank encouraged customers to make regular paydowns on their credit card balances.
• A paydown strategy helped the family become debt-free within five years.