Financial

paydown

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Paydown

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

paydown

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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Emily Clark of Oklahoma City said she knows how difficult it is to pay down debt.After racking up $17,000 in credit card debt from college, she worked to pay down what she owed, but with little luck.
Given the risks associated with negative amortization, this report focuses on the institutions with the greatest shares of students who have failed to pay down principal on their loans five years into repayment.
Today, Perlis mufti Mohd Asri Zainul Abidin appeared to comment on the matter via his official Facebook account, saying there was no oddity in members of the public volunteering to help the government pay down its debts.
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This partnership is an expansion of Gradifi's free integrated member paydown rewards platform that will allow its members to earn rewards that are automatically used to pay down their student loan debt.
The Mexican central bank has said that it will use its reserves to pay down debt.
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Using the $20,000 to pay down debt is taking borrowed money to pay down or pay off borrowed money.
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