Meaning Of The Word Pay down

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What's the definition of Pay down? Find Pay down meanings, definitions and more at the Real Dictionary online.

Pay down Meaning

Pay down Definition
Pay down Definition

What's The Definition Of Pay down?

pay down
phrasal verb: If you pay down a debt, or pay down part of a debt, you give someone part of or all of the money that you owe them.

pay down in American English
to pay (part of the total price) at the time of purchase, with the promise to pay the balance in installments
to pay in cash

pay down in British English
verb: to pay (a sum of money) at the time of purchase as the first of a series of instalments

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