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Paydown

• In a Treasury refunding, the amount by which the par value of the securities maturing exceeds that of those sold.

• In a Treasury refunding, the amount by which the par value of the securities maturing exceeds that of those sold.

 
 Embedded terms in definition
 Par value
Refunding
Securities
 
 Referenced Terms
 Graduated payment mortgage: Is a mortgage which frequently has relatively low payments in its early life. These relatively low payments are often insufficient to amortize the principal. Therefore with the passage of time the payment schedule is stepped-up to Paydown the early negative amortization, service the interest requirement, and paydown the total principal balance.

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Beware of small expenses; a small leak will sink a great ship. - Benjamin Franklin (1706-1790)

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