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 of down payment in a Sentence

These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Recent Examples on the Web That includes proposals to boost assistance for down payments on homes and expanding the child tax credit. Dominic Patten, Deadline, 15 Oct. 2024 Late last month, the government announced plans to cut mortgage rates and lower home down payments – leading to an early October jump in new home sales in Beijing, Guangzhou, Shenzhen, and Shanghai. Ann Scott Tyson, The Christian Science Monitor, 15 Oct. 2024 Over the last year or so, with higher rates, people were putting larger down payments on their homes—which had not occurred in mass for 15 years. Gregory Clifford, Forbes, 10 Oct. 2024 No evidence Harris’ down payment assistance aimed at people in US illegally Harris outlined her economic policy proposals in August during a speech in Raleigh, North Carolina. Chris Mueller, USA TODAY, 4 Oct. 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 8 Nov. 2024.

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