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 
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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 30 Dec. 2024.
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