Pay down: Difference between revisions
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imported>Doug Williamson (Create page. Sources: linked pages.) |
imported>Doug Williamson (Add final sentence about timing of repayments.) |
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To pay down debt means repaying the principal, in full or in part. | To pay down debt means repaying the principal, in full or in part. | ||
The paying down may be in accordance with a schedule agreed at the outset of the borrowing, or it may be faster repayment than originally envisaged. | |||
