Appearance
Use device theme  
Dark theme
Light theme

What is a down payment?

What is a down payment? Here are some definitions.

Noun
  1. (law, finance) A payment representing a fraction of the price of something being purchased, made to secure the right to continue making payments towards that purchase.
  2. (by extension) Any initial commitment signifying an intention to carry out a larger future commitment, even though no legal rights or obligations are secured.
Find more words!
Use * for blank tiles (max 2) Advanced Search Advanced Search
Use * for blank spaces Advanced Search
Advanced Word Finder
Similar Words
Examples
In fact, a higher down payment on the larger property allows you to finance the exact amount of mortgage loan you can afford.
Well, you don't play polo because you need that down payment on your mortgage.
What savings they do have is normally earmarked for an eventual down payment on a house or condo.
Their solicitor had already found a fully furnished house for rent in London, and made a down payment on it.
I used the money to make a down payment on the whacking great mortgage we had at the time.
If you agree to assume those liabilities however, you can reduce your out-of-pocket down payment by that much.

See Also

Nearby Definitions
Find Definitions
go
Word Tools Finders & Helpers Apps More Synonyms
Copyright WordHippo © 2025