down payment English

Meaning down payment meaning

What does down payment mean?

Definitions in simple English

— A down payment is a payment made when you buy something, with the rest to be paid later.

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

What other words have the same or similar meaning as down payment?

deposit earnest security pledge monetary deposit advance payment retainer prepayment premium part payment initial payment initial outlay initial deposit first instalment fee earnest money down paryment contract money cash down payment cash advance cash advance

down | payment