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down payment
(redirected from down payments)

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.06 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
 
5%, and mortgages that feature no down payments, no closing costs, and no application fees.
The loan program, custom designed by ProPartners Financial (PPF), includes minimal down payments, flexible financing options and schedules, based on the seasonality of farming operations and use of Krause products.
Kleinhenz notes that the qualifying ratio is more than 30 percent in lots of instances today, trade-up buyers are able to make substantial down payments and there are a variety of loan products available.
 
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