down payment


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down payment

n.
A partial payment made at the time of purchase, with the balance to be paid later.

down payment

n
(Commerce) the deposit paid on an item purchased on hire-purchase, a mortgage, etc

down′ pay′ment


n.
an initial amount given as partial payment at the time of purchase, as in installment buying.
[1925–30]
ThesaurusAntonymsRelated WordsSynonymsLegend:
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

down payment

noun
A partial or initial payment:
Translations
عُرْبون
záloha
udbetaling
elsõ részlet
innágreiîsla, fyrsta greiîsla
kaparokısmî ödemepeşinat

down payment

nacconto

down1

(daun) adverb
1. towards or in a low or lower position, level or state. He climbed down to the bottom of the ladder.
2. on or to the ground. The little boy fell down and cut his knee.
3. from earlier to later times. The recipe has been handed down in our family for years.
4. from a greater to a smaller size, amount etc. Prices have been going down steadily.
5. towards or in a place thought of as being lower, especially southward or away from a centre. We went down from Glasgow to Bristol.
preposition
1. in a lower position on. Their house is halfway down the hill.
2. to a lower position on, by, through or along. Water poured down the drain.
3. along. The teacher's gaze travelled slowly down the line of children.
verb
to finish (a drink) very quickly, especially in one gulp. He downed a pint of beer.
ˈdownward adjective
leading, moving etc down. a downward curve.
ˈdownward(s) adverb
towards a lower position or state. The path led downward (s) towards the sea.
down-and-ˈout noun, adjective
(a person) having no money and no means of earning a living. a hostel for down-and-outs.
ˌdown-at-ˈheel adjective
shabby, untidy and not well looked after or well-dressed.
ˈdowncast adjective
(of a person) depressed; in low spirits. a downcast expression.
ˈdownfall noun
a disastrous fall, especially a final failure or ruin. the downfall of our hopes.
ˌdownˈgrade verb
to reduce to a lower level, especially of importance. His job was downgraded.
ˌdownˈhearted adjective
depressed and in low spirits, especially lacking the inclination to carry on with something. Don't be downhearted! – we may yet win.
ˌdownˈhill adverb
1. down a slope. The road goes downhill all the way from our house to yours.
2. towards a worse and worse state. We expected him to die, I suppose, because he's been going steadily downhill for months.
downˈhill racing noun
racing downhill on skis.
downˈhill skiing noun
ˌdown-in-the-ˈmouth adjective
miserable; in low spirits.
down payment
a payment in cash, especially to begin the purchase of something for which further payments will be made over a period of time.
ˈdownpour noun
a very heavy fall of rain.
ˈdownright adverb
plainly; there's no other word for it. I think he was downright rude!
adjective
He is a downright nuisance!
ˈdownstairs adjective
, ˌdownˈstairsadverb on or towards a lower floor. He walked downstairs; I left my book downstairs; a downstairs flat.
ˌdownˈstream adverb
further along a river towards the sea. We found/rowed the boat downstream.
ˌdown-to-ˈearth adjective
practical and not concerned with theories, ideals etc. She is a sensible, down-to-earth person.
ˈdowntown adjective
(American) the part (of a city) containing the main centres for business and shopping. downtown Manhattan.
ˌdownˈtown adverb
(also down town) in or towards this area. to go downtown; I was down town yesterday.
ˈdown-trodden adjective
badly treated; treated without respect. a down-trodden wife.
be/go down with
to be or become ill with. The children all went down with measles.
down on one's luck
having bad luck.
down tools
to stop working. When the man was sacked his fellow workers downed tools and walked out.
down with
get rid of. Down with the dictator!
get down to
to begin working seriously at or on. I must get down to some letters!
suit (someone) down to the ground
to suit perfectly. That arrangement will suit me down to the ground.
References in periodicals archive ?
In competitive housing markets, homebuyers will often bolster their buying credentials by offering a larger down payment.
com will see the Down Payment Resource logo highlighted and can search for homes on a variety of criteria, including checking Down Payment Resource to find homes eligible for homeownership programs.
Gudell continued, "It's not uncommon for a 20% down payment on even a modest home to represent savings of $50,000 or more in some areas.
The average down payment in dollars was $57,710 in the first quarter.
In 2014, 25 percent of buyers using conventional or FHA loans put less than 3 percent down when purchasing a home, down from 27 percent in 2013 and down from a peak of 46 percent in 2009, when a first-time homebuyer tax credit stimulated purchases by first-time homebuyers, who are more likely to utilize low down payment loans.
Today's consumers persistently overestimate the size of a down payment they need to finance a home,'' says Christina Boyle, SVP and Head of Single-Family Sales & Relationship Management at Freddie Mac.
Down payment assistance grants of $15,000 will be available for eligible homebuyers with annual incomes that do not exceed 120 percent of the Kansas City, Mo.
When looking at a 5 percent down-payment scenario (and where PMI must be added to the cost in addition to taxes and insurance), the 5 percent down payment yields a situation in which the rent and house payments are nearly equal.
In addition, a down payment allows a lender to charge a lower interest rate on the loan.
Many home buyers like Maddrey are finding they qualify for down payment or mortgage assistance.
But they added one condition, which financial experts say some parents are now tacking on to down payment gifts: He would have to pay them back.
In recent years, many mortgage institutions have become increasingly active in supporting low and even no down payment mortgage products.