down payment Synonyms
down payment Meaning
Wordnet
down payment (n)
a partial payment made at the time of purchase; the balance to be paid later
down payment Sentence Examples
- The prospective house buyer struggled to gather the 20% down payment required for the mortgage.
- She eagerly scrimped and saved every penny until she had enough money for the down payment on her dream car.
- The company demanded a sizable down payment upfront before agreeing to start the project.
- With careful budgeting, they managed to accumulate the necessary down payment for the new apartment.
- The real estate agent explained the importance of having a substantial down payment to secure a favorable mortgage rate.
- Regulations required a significant down payment on all loans taken out for investment purposes.
- He decided to put down a larger down payment to reduce his monthly mortgage payments.
- The down payment served as a token of commitment to the purchase agreement.
- Due to the economic downturn, many potential buyers were unable to meet the down payment requirements.
- The first-time homebuyer grants provided assistance with the initial down payment, making homeownership more accessible.
FAQs About the word down payment
a partial payment made at the time of purchase; the balance to be paid later
deposit, guarantee, warranty, promise, gage, earnest, bail, pawn, pledge, bond
No antonyms found.
The prospective house buyer struggled to gather the 20% down payment required for the mortgage.
She eagerly scrimped and saved every penny until she had enough money for the down payment on her dream car.
The company demanded a sizable down payment upfront before agreeing to start the project.
With careful budgeting, they managed to accumulate the necessary down payment for the new apartment.
