down payment
noun
: a part of the full price paid at the time of purchase or delivery with the balance to be paid later
broadly
: the first step in a process
Examples of down payment in a Sentence
She made a 10 percent down payment on the car.
We put a down payment on the house.
Recent Examples on the Web
Still, the lower down payments are eerily reminiscent of the mortgages that were popular in the years leading to the Financial Crisis in 2008.
—
Amanda Gerut, Fortune, 16 May 2024
The 703-room resort, which has hosted several U.S. presidents, was sold to an English real estate firm for $705 million, with a down payment of $245 million, according to real estate database Vizzda.
—Michael Salerno, The Arizona Republic, 15 May 2024
See all Example Sentences for down payment 
Amanda Gerut, Fortune, 16 May 2024
The 703-room resort, which has hosted several U.S. presidents, was sold to an English real estate firm for $705 million, with a down payment of $245 million, according to real estate database Vizzda.
—Michael Salerno, The Arizona Republic, 15 May 2024
See all Example Sentences for down payment
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'down payment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“Down payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/down%20payment. Accessed 19 May. 2024.
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