down payment

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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Examples Sentences

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Recent Examples of down payment Mortgages backed by Fannie and Freddie offer more flexibility for applicants on things like down payments and credit profiles than jumbo mortgages do, Horvath said. Andrea Riquier, USA TODAY, 27 Nov. 2024 The judge will consider factors such as the down payment, mortgage payments, taxes, expenses, and use of the property to create a fair division. Gary Singer, Sun Sentinel, 21 Nov. 2024 But that’s not enough for the ordinary bank, which also requires compliance with debt-to-income ratios and capital investments like down payments. Debra Utacia Krol, USA TODAY, 3 Dec. 2024 Borrowers must make a 3% down payment and earn less than 140% of the area median income. Kelsey Neubauer, CNBC, 2 Dec. 2024 See all Example Sentences for down payment 

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“Down payment.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/down%20payment. Accessed 21 Dec. 2024.

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