paydown

noun

paydown

noun

Etymology Deverbal from pay down.

1

Business, Finance The reissue of an unpaid debt for less than the initial issue.

The significant cash flow of the enlarged entity following a combination would allow for rapid debt paydown and the continued funding of growth initiatives.2009 September 7, “Letters to Cadbury: 'I would ask you to reconsider your rejection ... '”, in Guardian:

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.