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down payment
(redirected from Downpayment)

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
down payment
n.
A partial payment made at the time of purchase, with the balance to be paid later.

down payment
n
(Business / Commerce) the deposit paid on an item purchased on hire-purchase, mortgage, etc.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.down payment - a partial payment made at the time of purchase; the balance to be paid later
payment - a sum of money paid or a claim discharged
security deposit, margin - the amount of collateral a customer deposits with a broker when borrowing from the broker to buy securities
Translations
down payment nacconto


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Be prepared to provide proof of downpayment or a gift letter if required.
For borrowers making a downpayment of 30 per cent or more, its floating rate for mortgages will now be 4.
Although the money from the investors' 30 per cent downpayments is gone, they will only need to pay the remaining 70 per cent in five 10-per-cent tranches relating to construction milestones.
 
 
 
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