paydown
English edit
Etymology edit
Noun edit
paydown (countable and uncountable, plural paydowns)
- (finance) The reissue of an unpaid debt for less than the initial issue.
- 2009 September 7, “Letters to Cadbury: 'I would ask you to reconsider your rejection ... '”, in Guardian[1]:
- The significant cash flow of the enlarged entity following a combination would allow for rapid debt paydown and the continued funding of growth initiatives.