Quantcast
Merriam-Webster Logo
  • Dictionary
  • Thesaurus
  • Medical
  • Scrabble
  • Spanish Central
  • Learner's Dictionary

down payment

noun

Simple Definition of down payment

  • : a first payment that you make when you buy something with an agreement to pay the rest later

Source: Merriam-Webster's Learner's Dictionary

Full Definition of down payment

  1. :  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

  1. She made a 10 percent down payment on the car.

  2. We put a down payment on the house.



1926

First Known Use of down payment

1926

Rhymes with down payment


DOWN PAYMENT Defined for Kids

down payment

noun

Definition of down payment for Students

  1. :  a part of a price paid when something is bought with an agreement to pay the rest later




Learn More about down payment


Seen and Heard

What made you want to look up down payment? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

marked by propriety and good taste

Get Word of the Day daily email!

WORD GAMES

Take a 3-minute break and test your skills!

image567572573

Which of these is a synonym of unctuous?

maudlin angry oily prompt
Name That Thing

Test your visual vocabulary with our 10-question challenge!

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ