If you make a down paymenton something, you pay only a percentage of the total cost when you buy it. You then finish paying for it later, usually by paying a certain amount every month.
If you're borrowing money for the down payment, provide a copy of the entire loanagreement.
Celeste asked for the money as a down payment on an old farmhouse.
Synonyms: deposit More Synonyms of down payment
down payment in British English
noun
the deposit paid on an item purchased on hire-purchase, a mortgage, etc
down payment in American English
US
an initial, partial payment on a purchase
Examples of 'down payment' in a sentence
down payment
As it turns out, they were going to use the money for a down payment on a house.
Christianity Today (2000)
He has subjected the club to an outlay of 70million on players with just down payments on most amounting to 30m.
The Sun (2008)
In other languages
down payment
British English: down payment NOUN
If you make a down payment on something, you pay only a percentage of the total cost when you buy it. You then finish paying for it later, usually by paying a certain amount every month.
She asked for the money as a down payment on an old farmhouse.
American English: down payment
Brazilian Portuguese: entrada
Chinese: 首付款
European Spanish: entrada
French: acompte
German: Anzahlung
Italian: acconto
Japanese: 頭金
Korean: 계약금
European Portuguese: entrada
Latin American Spanish: entrada
(noun)
Definition
the deposit paid on an item purchased on hire-purchase, mortgage, etc.