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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
It’s come a long way since it was founded in 1933 by James Ryder with a single Model A Ford truck and a $35 down payment. Amanda Gerut, Fortune, 19 June 2025 Cash-on-Cash Return Initial cash investment (down payment) = $50,000. Wes Moss, Forbes.com, 16 June 2025 The Trump Mobile smartphone will cost $499, including a $100 down payment. Max Zahn, ABC News, 16 June 2025 Viet America Society kicked money back to Do through payments to his daughter, Rhiannon, who received most of the bribes via a high-paying job at Viet America Society and $350,000 for the down payment on a $1 million Tustin home. Teri Sforza, Oc Register, 10 June 2025 See All Example Sentences for down payment

Word History

First Known Use

1854, in the meaning defined above

Time Traveler
The first known use of down payment was in 1854

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Cite this Entry

“Down payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/down%20payment. Accessed 2 Jul. 2025.

Kids Definition

down payment

noun
: a part of the full price paid at the time of purchase or delivery with the remainder to be paid later

More from Merriam-Webster on down payment

Last Updated: - Updated example sentences
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