Paydown Love Machine 14 years ago PaydownRelated to Treasury refunds. Difference between the par value of new bonds being sold and face value of maturing securities.Random Finance Terms for the Letter PPayable on DeathPaybackPaydownPayment DatePayment FloatPayments NettingPayments PatternPayout RatioPay-upPayment-In-Kind (PIK) bondRecommended for you:Payments NettingPayable on DeathPayment-In-Kind (PIK) bondPayments Pattern