down paymentnoun pluraldown payments Britannica Dictionary definition of DOWN PAYMENT [count] :a first payment that you make when you buy something with an agreement to pay the rest later She made a 10 percentdown paymenton the car. We put/made adown paymenton the house. ...
Noun1.down payment- a partial payment made at the time of purchase; the balance to be paid later deposit 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 (redirected fromDown-Payment) Dictionary Thesaurus Financial Encyclopedia Down Payment A percentage of the total purchase price of an item that is proffered when the item is bought on credit. In an installment sales agreement, a buyer is required to pay part of the total price, us...
The meaning of DOWN PAYMENT is a part of the full price paid at the time of purchase or delivery with the balance to be paid later; broadly : the first step in a process. How to use down payment in a sentence.
Down payment. A down payment is the amount, usually stated as a percentage, of the total cost of a property that you pay in cash as part of a real estate transaction. The down payment is the difference between the selling price and the amount of money you borrow to buy the property. ...
A downpayment in franchising refers to the initial sum of money paid by a prospective franchisee to the franchisor as a partial ...
Learn about the importance of a down payment in financial agreements with valuable insights from The Strategic CFO®. Contact us today for your business strategy
a sum of money that is given as the first part of a larger payment We are saving for a down payment on a house. CollocationsMoving house TopicsBusinessc2,Moneyc2 Definitions on the go Look up any word in the dictionary offline, anytime, anywhere with theOxford Advanced Learner’s Dict...
Learn about the importance of a down payment in financial agreements with valuable insights from The Strategic CFO®. Contact us today for your business strategy
Learn about purchase price and down payment. Study the down payment formula, and discover the effects of large and small down payments on large purchases. Updated: 11/21/2023 Table of Contents What Is Purchase Price? What Is the Down Payment Definition? Down Payment Formula Lesson Summary ...