Rio instead raised cash to pay down hefty debts with a rights issue and also announced an iron ore tie-up with BHP (which itself had tried, and failed, to acquire Rio in 2008).

力拓却通过增股的方式，用现金偿还巨额债务，同时公布与必和必拓组成铁矿石联盟(必和必拓曾经试图这样做，但失败了，2008年力拓反过来找必和必拓，后者欣然接受)。

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It now appears that when companies and consumers acquire cash balances they use them to pay down debt rather than to support spending.

现在看来，当企业和消费者获得现金余额时，他们用这些钱来偿还债务，而不是用于消费。

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But with many households unable to borrow, others keen to pay down debt and many businesses swimming in cash, lower interest rates are likely to have only a modest effect.

但是由于许多家庭没有能力贷款，其他的家庭强烈要求降低债务，以及企业大量流动资金和低利率也有可能有些间接影响。

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Rezvan says he expects Chesapeake to use substantially all the cash to pay down its revolving bank credit facility.

FORBES: Chesapeake Reveals 'Mystery' Partner In Utica Shale

This tapering off of expansion should free up cash to pay down debt, enlarge the dividend and fund a new share buyback plan.

FORBES: Magazine Article

Japan's overborrowed businesses are using surplus cash to pay down debts.

ECONOMIST: Japan��s bond market