down payment or down-pay·ment ExamplesWord Origin noun
- an initial amount paid at the time of purchase, in installment buying, time sales, etc.
- any initial or partial payment, gift, favor, or recompense, as to reduce one’s indebtedness or express one’s obligation or gratitude: This gift is just a down payment for all the favors I owe you.
Origin of down payment First recorded in 1925–30 Examples from the Web for downpayment Contemporary Examples of downpayment
How small a downpayment would they like buyers to qualify with?
The Obama Administration Wants Banks to Stop Being So Uptight About their Mortgage Underwriting. How Crazy is That?
Megan McArdle
April 3, 2013
British Dictionary definitions for downpayment down payment noun
- the deposit paid on an item purchased on hire-purchase, mortgage, etc
downpayment in Culture down payment
A payment in part made at the time of purchase of a good, with the promise to make full payment later.