DOWN PAYMENT Definition & Meaning

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down payment

or ��Ƿɲ�-�貹��m��Գ�

noun

an initial amount paid at the time of purchase, in installment buying, time sales, etc.
any initial or partial payment, gift, favor, or recompense, as to reduce one's indebtedness or express one's obligation or gratitude:
This gift is just a down payment for all the favors I owe you.

down payment

noun

the deposit paid on an item purchased on hire-purchase, mortgage, etc

down payment

A payment in part made at the time of purchase of a good , with the promise to make full payment later.

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51�Թ� History and Origins

Origin of down payment¹

First recorded in 1925–30

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Example Sentences

Examples have not been reviewed.

Earlier, the government announced it would relax targets for electric and hybrid cars and provide £2.3bn to boost electric car take-up and improve charging infrastructure as a "down payment" on Britain's industrial future.

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It is a down payment on welfare reform, and a much bigger up front scorable spending cut to help the chancellor's numbers, and so avoid tax rises or missing her non-negotiable borrowing limits.

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For most apartment dwellers, saving for a down payment on a home can take years.

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Walker told The Times that he intended to use the $5,000 as a down payment to a golf course for a third tournament, which organizers later decided not to stage.

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The city would use proceeds from the lot sales to fund down payment assistance for home buyers who would purchase the new units.

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