down payment

Definition of down paymentnext
as in deposit
a first payment that you make when you buy something with an agreement to pay the rest later She made a 10 percent down payment on the car. We put a down payment on the house.

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Example Sentences

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.
Recent Examples of down payment Among millennial homeowners, about a quarter got help on the down payment from their parents and wouldn’t have been able to buy their current home without it, according to a report last month from Visa Business and Economic Insights. Jason Ma, Fortune, 9 Aug. 2026 Down payment Paying a down payment is common for many types of mortgages. Deane Biermeier, USA Today, 8 Aug. 2026 The program provides grants to state and local governments to create affordable housing, provide down payment assistance, and support home repairs for low-income households. Kamal Morgan, Fort Worth Star-Telegram, 3 Aug. 2026 Some lenders are now offering mortgages to ITIN holders who can prove stable income and make a substantial down payment. Efri Argaman, Forbes.com, 29 July 2026 See All Example Sentences for down payment
Recent Examples of Synonyms for down payment
Noun
  • The informal miners go into the mines to look for leftover deposits to sell.
    ABC News, ABC News, 11 Aug. 2026
  • Only about 6% of the region’s deposits are controlled by the combined bank, ranking fourth behind larger national competition such as Truist, Bank of America and Wells Fargo.
    Zachary Hansen, AJC.com, 10 Aug. 2026
Noun
  • Of these, most of the mistakes were in incurring the liability in the first place, with probably at least a third of them being from personal guarantees being called.
    Jay Adkisson, Forbes.com, 11 Aug. 2026
  • Waiting for unsolicited forgiveness could mean months or years of uncertainty with no guarantee that the debt will ever be canceled.
    Angelica Leicht, CBS News, 10 Aug. 2026

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Cite this Entry

“Down payment.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/down%20payment. Accessed 13 Aug. 2026.

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