Paydown
noun
noun ·Rare ·Advanced level
Definitions
Noun
- 1 The reissue of an unpaid debt for less than the initial issue. countable, uncountable
"The significant cash flow of the enlarged entity following a combination would allow for rapid debt paydown and the continued funding of growth initiatives."
Synonyms
All synonymsExample
More examples"The significant cash flow of the enlarged entity following a combination would allow for rapid debt paydown and the continued funding of growth initiatives."
Etymology
Deverbal from pay down.