Verb
pay down (third-person singular simple present pays down, present participle paying down, simple past and past participle paid down)
(transitive) To partially repay.
He paid down his loan for the first five months.
This time, instead of moving oceans and healing planets, let's get our bills in order and pay down the debt so we control our own future. Artur Davis
In 2010, I proposed that Congress take its first pay cut in 77 years, and my effort had bipartisan support. And as part of leading by example, I returned 5 percent of my paycheck every month to pay down the debt. Ann Kirkpatrick
Without growth we can't pay down our debt, and without growth there's no money for welfare. Helle Thorning-Schmidt
I'm still a fiscal conservative, and I'm inclined to pay down debt. Jim Flaherty
We don't need new taxes. We need new taxpayers, people that are gainfully employed, making money and paying into the tax system. And then we need a government that has the discipline to take that additional revenue and use it to pay down the debt and never grow it again. Marco Rubio
As we saw with the first case, that cash is bound to be either used to chase goods not being produced in quantities to match the new money, or to pay down indebtedness. Source: Internet