down payment (Meaning)

Wordnet

down payment (n)

a partial payment made at the time of purchase; the balance to be paid later

FAQs About the word down payment

a partial payment made at the time of purchase; the balance to be paid later

guarantee,deposit, guaranty, bail, warranty, earnest, bond, gage, pledge,security

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.