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
Such designations can result in lower mortgage rates and reduced down payment requirements compared to rental or second-home classifications.
—
Adeola Adeosun
robert Birsel, MSNBC Newsweek, 16 Sep. 2025
This example assumes a 20% down payment to get to those numbers.
—Susan Tompor, Freep.com, 15 Sep. 2025
None of them had parents who were willing or able to loan them the money for a down payment, as Lacey’s parents had done for us.
—T. Coraghessan Boyle, New Yorker, 14 Sep. 2025
First-time homebuyers can take advantage of grants and incentives that help with initial costs, such as down payments.
—Jason Peters, Kansas City Star, 12 Sep. 2025
See All Example Sentences for down payment
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Adeola Adeosun
robert Birsel, MSNBC Newsweek, 16 Sep. 2025
This example assumes a 20% down payment to get to those numbers.
—Susan Tompor, Freep.com, 15 Sep. 2025
None of them had parents who were willing or able to loan them the money for a down payment, as Lacey’s parents had done for us.
—T. Coraghessan Boyle, New Yorker, 14 Sep. 2025
First-time homebuyers can take advantage of grants and incentives that help with initial costs, such as down payments.
—Jason Peters, Kansas City Star, 12 Sep. 2025
See All Example Sentences for down payment
Cite this Entry
“Down payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/down%20payment. Accessed 18 Sep. 2025.
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