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
The Challenge: With median home prices nearing $440,000, a 20% down payment is $87,460.
—
Natalie Campisi, Forbes, 12 Dec. 2024
By the numbers: The median down payment on a metro Richmond home is now $35,941, Realtor.com data shows.
—Karri Peifer, Axios, 2 Dec. 2024
For us, this could mean starting a side hustle, saving for a down payment on property, or negotiating ownership in our workplaces.
—Kimberly Wilson, Essence, 30 Nov. 2024
Flagstar Gift Program Eligible first-time homebuyers can receive up to 3% of their down payment or up to $3,000.
—Kelsey Neubauer, CNBC, 27 Nov. 2024
See all Example Sentences for down payment 
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.
Natalie Campisi, Forbes, 12 Dec. 2024
By the numbers: The median down payment on a metro Richmond home is now $35,941, Realtor.com data shows.
—Karri Peifer, Axios, 2 Dec. 2024
For us, this could mean starting a side hustle, saving for a down payment on property, or negotiating ownership in our workplaces.
—Kimberly Wilson, Essence, 30 Nov. 2024
Flagstar Gift Program Eligible first-time homebuyers can receive up to 3% of their down payment or up to $3,000.
—Kelsey Neubauer, CNBC, 27 Nov. 2024
See all Example Sentences for down payment
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 21 Dec. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share