What is another word for paydown?
Pronunciation: [pˈe͡ɪda͡ʊn] (IPA) 
Paydown refers to a reduction in the amount of debt owed, particularly with the interest included. While this term is commonly used in financial contexts, there are also several other synonyms that can be used to describe this process. Some options include debt reduction, paying off, settling liabilities, wiping out obligations, clearing arrears, and discharging accounts. These words all describe the process of paying down debt, and can be used interchangeably depending on the context and desired emphasis. Overall, whether it's referred to as paydown or another term, reducing one's debt is an important step towards financial stability and security.
