ALL meanings of down payment
down pay·ment
D d - noun down payment sum paid in advance 1
- noun down payment an initial amount paid at the time of purchase, in installment buying, time sales, etc. 1
- noun down payment any initial or partial payment, gift, favor, or recompense, as to reduce one's indebtedness or express one's obligation or gratitude: This gift is just a down payment for all the favors I owe you. 1
- countable noun down payment 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. 0
- noun down payment the deposit paid on an item purchased on hire-purchase, a mortgage, etc 0
- noun down payment an initial, partial payment on a purchase 0
- noun down payment (law) A payment representing a fraction of the price of something being purchased, made to secure the right to continue making payments towards that purchase. 0
- noun down payment By extension, any initial commitment signifying an intention to carry out a larger future commitment, even though no legal rights or obligations are secured. 0