Meaning Of The Word Down payment

Real Dictionary

What's the definition of Down payment? Find Down payment meanings, definitions and more at the Real Dictionary online.

Down payment Meaning

Down payment Definition
Down payment Definition

What's The Definition Of Down payment?

down payment
countable noun: If you make a down payment on something, you pay only a percentage of the total cost when you buy it. You then finish paying for it later, usually by paying a certain amount every month.

down payment in American English
an initial, partial payment on a purchase
noun: an initial amount paid at the time of purchase, in installment buying, time sales, etc

down payment in British English
noun: the deposit paid on an item purchased on hire-purchase, a mortgage, etc

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