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
Officials have tried to boost home sales through measures like lowering down payments and interest rates, yet home prices are still declining.
—
Lionel Lim, Fortune Asia, 16 Apr. 2024
Still more are selling their old home and turning their considerable equity into hefty down payments well over 20%.
—Andrew Khouri, Los Angeles Times, 11 Apr. 2024
It can be used for down payments and closing costs, or even in conjunction with a separate but related program.
—Chris Morris, Fortune, 8 Apr. 2024
Budget for a down payment, closing costs and your expenses after buying a home
Another way to reduce your monthly mortgage payment is to make as big a down payment as possible.
—Jeanne Sahadi, CNN, 4 Apr. 2024
High interest rates mean that even families that have enough for a down payment will be left with expensive, budget-busting mortgage payments.
—David Howard, Orange County Register, 1 Apr. 2024
Washington County Executive Josh Schoemann wants to see more people own homes in Washington County and thinks a new down payment incentive program can make this happen.
—Cathy Kozlowicz, Journal Sentinel, 29 Mar. 2024
That money, from the Transportation Department’s emergency relief fund, is a down payment for what will be an expansive project that could take months, if not years, to complete and will require spending legislation in Congress.
—Danny Nguyen, Washington Post, 28 Mar. 2024
Although the application and funding process can take several months, in my experience, they are typically seen as having good terms and a low threshold for equity injection or down payment.
—Joel Keylor, Forbes, 28 Mar. 2024
Lionel Lim, Fortune Asia, 16 Apr. 2024
Still more are selling their old home and turning their considerable equity into hefty down payments well over 20%.
—Andrew Khouri, Los Angeles Times, 11 Apr. 2024
It can be used for down payments and closing costs, or even in conjunction with a separate but related program.
—Chris Morris, Fortune, 8 Apr. 2024
Budget for a down payment, closing costs and your expenses after buying a home
Another way to reduce your monthly mortgage payment is to make as big a down payment as possible.
—Jeanne Sahadi, CNN, 4 Apr. 2024
High interest rates mean that even families that have enough for a down payment will be left with expensive, budget-busting mortgage payments.
—David Howard, Orange County Register, 1 Apr. 2024
Washington County Executive Josh Schoemann wants to see more people own homes in Washington County and thinks a new down payment incentive program can make this happen.
—Cathy Kozlowicz, Journal Sentinel, 29 Mar. 2024
That money, from the Transportation Department’s emergency relief fund, is a down payment for what will be an expansive project that could take months, if not years, to complete and will require spending legislation in Congress.
—Danny Nguyen, Washington Post, 28 Mar. 2024
Although the application and funding process can take several months, in my experience, they are typically seen as having good terms and a low threshold for equity injection or down payment.
—Joel Keylor, Forbes, 28 Mar. 2024
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.
Dictionary Entries Near down payment
Cite this Entry
“Down payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/down%20payment. Accessed 25 Apr. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share