Simple Definition of down payment
: a first payment that you make when you buy something with an agreement to pay the rest later
Full Definition of down payment
: 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.
First Known Use of down payment
DOWN PAYMENT Defined for Kids
Definition of down payment for Students
: a part of a price paid when something is bought with an agreement to pay the rest later
Learn More about down payment
Spanish Central: Translation of "down payment" Nglish: Translation of "down payment" for Spanish speakers
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