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down payment

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.04 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
down payment nacconto


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? Mentioned in ? References in periodicals archive
 
From down payment assistance plans to credit workshops, home buying initiatives are sprouting up everywhere.
IT entrepreneur, Siva Tayi, has just made real estate history--by using his credit card to plop down a $240,000 down payment for his new condo at The Monian Group's brand new Atelier on the Far West Side.
With VA guaranteeing a portion of the loan, veterans can receive a competitive interest rate without making a down payment, making it easier to buy a home.
 
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