(redirected from Paid Down)


1. A payment on the interest and/or principal on a loan; debt service.

2. When a bond is called or matures and a new one is issued, the amount by which the face value of the old issue exceeds the face value of the new one. This represents a reduction in the issuer's debt. If a company pays out $10,000,000 in bond maturities and then issues $7,000,000 in new bonds, this is an example of paydown, because the company now has $3,000,000 less in debt.


In a corporate or U.S. Treasury refunding, the amount by which the face value of the bonds being refunded exceeds the par value of the new bonds being sold. The paydown represents the amount by which the debt is reduced.
References in classic literature ?
By this assistance, after many interviews with the bassa's agents, we agreed to pay four thousand three hundred crowns, which were accepted on condition that they should be paid down, and we should go on board within two hours: but, changing his resolution on a sudden, he sent us word by his treasurer that two of the most considerable among us should stay behind for security, while the rest went to procure the money they promised.
I go there every year shooting, and your forest's worth a hundred and fifty roubles and acre paid down, while he's giving you sixty by installments.
Sometimes they played out the toll across a bridge or ferry, and once exhibited by particular desire at a turnpike, where the collector, being drunk in his solitude, paid down a shilling to have it to himself.
Disputes were brought to him in his hiding-hole to be decided; and the men of his country, who would have snapped their fingers at the Court of Session, laid aside revenge and paid down money at the bare word of this forfeited and hunted outlaw.
Of this, only three hundred dollars had to be paid down, the balance being paid at the rate of twelve dollars a month.
I've seen over a thousand, in my day, paid down for gals not a bit handsomer.
Of these, the first may have been that her son had never signified the smallest intention to ask her consent, or any mistrust of his ability to dispense with it; the second, that the pension bestowed upon her by a grateful country (and a Barnacle) would be freed from any little filial inroads, when her Henry should be married to the darling only child of a man in very easy circumstances; the third, that Henry's debts must clearly be paid down upon the altar-railing by his father-in-law.
We wull be buyun' ut," he said, "though we wull be no tellun' a soul of ut ontul ut's bought an' the money paid down.
He acquiesced, therefore, and chose the hundred pistoles, which the Englishman paid down on the spot.
His terms were, that either the aforesaid ground-rent, from the day when the cellar began to be dug, should be paid down, or the mansion itself given up; else he, the ghostly creditor, would have his finger in all the affairs of the Pyncheons, and make everything go wrong with them, though it should be a thousand years after his death.
The DWP has already paid down more than $1 billion on its operating debt over the past two years as it has been preparing for deregulation and competition from other electric companies.
Forty-two percent of respondents said they have paid down their debt compared to 30 percent the previous quarter.