PAYDOWN Definition

Bookmark and Share

PAYDOWN is the systematic reduction in principal of a mortgage- or asset-backed security resulting in a series of principal payments, either scheduled or unscheduled.

Learn new Accounting Terms

DISCOUNT WINDOW is the facility at a Federal Reserve Bank at which members are allowed to borrow at the discount rate.

INITIATE is to set going by taking the first step, e.g., initiate contract negotiations.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.