You usually pay the rest of the cost over a period of time: I … n-count type: "cookie", { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, The amount of down payment does a few things. down payment synonyms, down payment pronunciation, down payment translation, English dictionary definition of down payment. }, iasLog("setting page_url: - https://dictionary.cambridge.org/dictionary/english/down-payment"); The exact amount of a down payment is often determined by the lender in relation to the overall loan amount. Interest surged when the land purchase was announced – 23 core member households have made a, However, that scenario would require a roughly $130,000, Mayor Jenny Durkan vetoed even that before the council overrode her in late September, with some calling the measure a, Still, to make that work would require a roughly $130,000, Valcke was accused of getting help from Al-Khelaifi to secure the 500,000-euro, Make saving for a downpayment a priority, and then make sure your emergency fund is separate from the, Post the Definition of down payment to Facebook, Share the Definition of down payment on Twitter, We Got You This Article on 'Gift' vs. 'Present'. dfpSlots['topslot_b'] = googletag.defineSlot('/2863368/topslot', [[728, 90]], 'ad_topslot_b').defineSizeMapping(mapping_topslot_b).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); var pbTabletSlots = [ { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, Down payments are sometimes also referred to as advance payments. The bigger the down payment, the smaller the mortgage, which can save you thousands of dollars in interest charges. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, var dfpSlots = {}; A portion of each rent payment gradually builds your down payment. { bidder: 'ix', params: { siteId: '555365', size: [120, 600] }}, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, In an installment sales agreement, a buyer is required to pay part of the total price, usually in cash, and later pays the balance through a number of regularly scheduled payments. var mapping_topslot_a = googletag.sizeMapping().addSize([746, 0], []).addSize([0, 550], [[300, 250]]).addSize([0, 0], [[300, 50], [320, 50], [320, 100]]).build(); 'min': 0, { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, Zero down payment financing is a payment facility in which your financier pays the entire cost of your product, not requiring you to pay anything upfront. How To Get Your Housing Finances In Order dfpSlots['topslot_a'] = googletag.defineSlot('/2863368/topslot', [], 'ad_topslot_a').defineSizeMapping(mapping_topslot_a).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').addService(googletag.pubads()); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, down payment definition in English dictionary, down payment meaning, synonyms, see also 'down',down',Down',Down'. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, Definition of down payment, with etymology, pronunciation (phonetic and audio), synonyms, antonyms, derived terms and more about the word down payment. { bidder: 'ix', params: { siteId: '195451', size: [300, 250] }}, A down payment is a buyer’s cash interest in an object being purchased via a financing contract. { bidder: 'ix', params: { siteId: '555365', size: [300, 250] }}, Down payments can be recorded in purchase orders and during Invoice Verification. Definition of Down Payment in the Definitions.net dictionary. It is usually paid in cash or equivalent at the time of finalizing the transaction. name: "_pubcid", bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, if(pl_p) bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, { bidder: 'ix', params: { siteId: '555365', size: [300, 250] }}, window.__tcfapi('addEventListener', 2, function(tcData, success) { { bidder: 'appnexus', params: { placementId: '11654174' }}, storage: { { bidder: 'sovrn', params: { tagid: '387232' }}, timeout: 8000, name: "unifiedId", Once the receipt or delivery of goods and services occurs, the down payment clears against the final invoice. Down Payment Definition. addPrebidAdUnits(pbAdUnits); The down payment clearing function clears the down payments that have not been cleared in FI. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, { bidder: 'openx', params: { unit: '539971065', delDomain: 'idm-d.openx.net' }}, googletag.pubads().setTargeting("cdo_c", ["business_financial_industrial_technology"]); { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, iasLog("exclusion label : lcp"); { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, 'cap': true For example, if the car you're buying costs $25,000, a down payment of $2,500 is a 10% down payment. { bidder: 'ix', params: { siteId: '195464', size: [160, 600] }}, What does Down Payment mean? A down payment is a payment made or received before the physical exchange of goods and services. params: { var pbAdUnits = getPrebidSlots(curResolution); "loggedIn": false gdpr: { { bidder: 'sovrn', params: { tagid: '346693' }}, { bidder: 'appnexus', params: { placementId: '11653860' }}, { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, { bidder: 'appnexus', params: { placementId: '11654156' }}, }, googletag.enableServices(); ga('set', 'dimension2', "entryex"); { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_HDX' }}, if(success && (tcData.eventStatus === 'useractioncomplete' || tcData.eventStatus === 'tcloaded')) { The down payment reduces the amount of money that … ga('set', 'dimension3', "default"); any initial or partial payment, gift, favor, or recompense, as to reduce one's indebtedness or express one's obligation … Deferred Down Payment example: For example, if the owed down payment is $2,500.00, but the buyer only has $2,000.00 available to offer, the dealership may just tell them to come back in a week or two with the additional $500.00. {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, { bidder: 'sovrn', params: { tagid: '346688' }}, We used that money to make down payments on two more similar properties. iasLog("criterion : cdo_ptl = entry-lcp"); The word in the example sentence does not match the entry word. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, For example, when you see “zero down” offers on vehicles, no down payment is required. { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, pbjs.setConfig(pbjsCfg); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '1666926', position: 'btf' }}, { bidder: 'ix', params: { siteId: '195467', size: [300, 250] }}, priceGranularity: customGranularity, Of those in the unwilling category, 31.3% thought the down payments were so high they might as well pay full price. Click on the arrows to change the translation direction. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, Once the down payment request has been created, you can enable the system to post the down payments in the next automatic payment run. 'increment': 0.01, name: "pubCommonId", According to a Zillow survey, 68 percent of renters cite saving for a down payment as the biggest hurdle to buying a home. { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, { bidder: 'ix', params: { siteId: '555365', size: [120, 600] }}, { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, expires: 365 { bidder: 'appnexus', params: { placementId: '19042093' }}, iasLog("exclusion label : wprod"); { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_topslot' }}, var mapping_leftslot = googletag.sizeMapping().addSize([1063, 0], [[120, 600], [160, 600], [300, 600]]).addSize([963, 0], [[120, 600], [160, 600]]).addSize([0, 0], []).build(); { bidder: 'sovrn', params: { tagid: '346693' }}, dfpSlots['houseslot_b'] = googletag.defineSlot('/2863368/houseslot', [], 'ad_houseslot_b').defineSizeMapping(mapping_houseslot_b).setTargeting('sri', '0').setTargeting('vp', 'btm').setTargeting('hp', 'center').setCategoryExclusion('house').addService(googletag.pubads()); This amount is usually given as a percentage of the total of the home’s purchase price. { bidder: 'ix', params: { siteId: '555365', size: [120, 600] }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, var mapping_topslot_b = googletag.sizeMapping().addSize([746, 0], [[728, 90]]).addSize([0, 0], []).build(); A down payment is an upfront payment made at the time of purchasing something (typically a big ticket item). Learn more in the Cambridge English-Chinese simplified Dictionary. {code: 'ad_topslot_a', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[300, 50], [320, 50], [320, 100]] } }, You then finish paying for it later, usually by paying a certain amount every month. googletag.pubads().setTargeting("cdo_ptl", "entry-lcp"); {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, See the full definition for down payment in the English Language Learners Dictionary, More from Merriam-Webster on down payment, Thesaurus: All synonyms and antonyms for down payment, Nglish: Translation of down payment for Spanish Speakers. {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, name: "identityLink", { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_leftslot' }}]}, syncDelay: 3000 When $150 of each month's rent goes toward the down payment, in two years you'll have accumulated a $3,600 down payment. { bidder: 'sovrn', params: { tagid: '446382' }}, },{ iasLog("criterion : cdo_tc = resp"); { bidder: 'openx', params: { unit: '539971066', delDomain: 'idm-d.openx.net' }}, You can also find multiple synonyms or similar words of Down Payment. Just because some buyers are able to put more than 20 percent down doesn’t mean they don’t struggle coming up with the money. } You then finish paying for it later, usually by paying a certain amount every month. expires: 365 Down Payment é uma entrada, no sentido financeiro, isto é, o pagamento inicial de uma série de parcelas em que se dividiu o valor total de um financiamento. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, "authorizationTimeout": 10000 { bidder: 'sovrn', params: { tagid: '346698' }}, Down Payment A percentage of the total purchase price of an item that is proffered when the item is bought on credit. { bidder: 'ix', params: { siteId: '195467', size: [300, 50] }}, bidderSequence: "fixed" var mapping_rightslot = googletag.sizeMapping().addSize([746, 0], [[300, 250]]).addSize([0, 0], []).build(); googletag.pubads().enableSingleRequest(); pbjsCfg.consentManagement = { A down payment is usually required to be ‘out-of-pocket’ meaning it is cash that is at the buyer’s disposal and does not require any borrowing. Synonyms for down payment include binder, deposit, disbursement, earnest, instalment, installment, payment, security, earnest money and front money. { A down payment is a specified amount of money, usually a percentage of the total price of the sale that is due from the buyer before the finalisation of the sale as a guarantee Stay on top of down payments owed to your business with online accounting & invoicing software like Debitoor. { bidder: 'sovrn', params: { tagid: '346698' }}, Another type of home loan is the 100% financing home loan — meaning, your mortgage covers the entire cost of purchasing a home, eliminating the need for a down payment. If you want that home loan, you will have to provide a 20% down payment. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, Typical down payment amount. 'increment': 0.5, { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot' }}, }; googletag.pubads().setTargeting("cdo_t", "finance"); { bidder: 'ix', params: { siteId: '195466', size: [728, 90] }}, Enrich your vocabulary with the English Definition dictionary iasLog("criterion : cdo_ei = down-payment"); down payment, downpayment n noun: Refers to person, place, thing, quality, etc. } } {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, dfpSlots['leftslot'] = googletag.defineSlot('/2863368/leftslot', [[120, 600], [160, 600]], 'ad_leftslot').defineSizeMapping(mapping_leftslot).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'left').addService(googletag.pubads()); 'min': 8.50, If the vendor invoice is later posted manually, the invoice is cleared with the down payment that has already been posted so that only the difference remains to be paid to the vendor. { bidder: 'sovrn', params: { tagid: '387233' }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, How the down payment affects the total cost of your mortgage. { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_rightslot2_flex' }}, { bidder: 'appnexus', params: { placementId: '11654157' }}, What made you want to look up down payment? var pbMobileLrSlots = [ googletag.pubads().setTargeting("cdo_pt", "entry"); iasLog("criterion : cdo_pc = dictionary"); bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, down payment: A percentage of the total purchase price of an item that is proffered when the item is bought on credit. See 5 authoritative translations of Down payment in Spanish with example sentences and audio pronunciations. down payment, downpayment n noun: Refers to person, place, thing, quality, etc. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, name: "idl_env", bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776130', position: 'btf' }}, { bidder: 'openx', params: { unit: '539971081', delDomain: 'idm-d.openx.net' }}, {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, down payment (down payments plural), downpayment If you make a down paymenton something, you pay only a percentage of the total cost when you buy it. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot2' }}]}]; These example sentences are selected automatically from various online news sources to reflect current usage of the word 'down payment.' { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_topslot' }}]}, These examples are from corpora and from sources on the web. Example: How the size of a down payment affects the cost of a mortgage. { bidder: 'openx', params: { unit: '539971079', delDomain: 'idm-d.openx.net' }}, }] { bidder: 'ix', params: { siteId: '195467', size: [320, 100] }}, c. el enganche (m) means that a noun is masculine. { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, A down payment is the amount of money you spend upfront to purchase a home and is typically combined with a home loan to fulfill the total purchase price of a home. A loan of some sort is then required to finance the remainder of the payment. { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot2' }}]}]; { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }},   However, it is sometimes wise to make a down payment even when you don’t have to. iasLog("__tcfapi removeEventListener", success); Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! "sign-in": "https://dictionary.cambridge.org/us/auth/signin?rid=READER_ID", With just a ten-percent down payment, you can drive off in the car of your dreams today. "authorizationFallbackResponse": { Exemplos: el televisor, un piso. Learn more. {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_SR' }}, if(window.__tcfapi) Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }}, The higher the down payment, the lower the … storage: { { bidder: 'appnexus', params: { placementId: '11653860' }}, In an installment sales agreement, a buyer is required to pay part of the total price, usually in cash, and later pays the balance through a number of regularly scheduled payments. Down payments are often, but not always, part of obtaining a loan. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. Add the power of Cambridge Dictionary to your website using our free search box widgets. Browse our dictionary apps today and ensure you are never again lost for words. Save as much as you can for your down payment. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, 'increment': 1, { bidder: 'appnexus', params: { placementId: '11653860' }}, Information and translations of Down Payment in the most comprehensive dictionary definitions resource on the web. { bidder: 'sovrn', params: { tagid: '387232' }}, Spanish nouns have a gender, which is either feminine (like la mujer or la luna) or masculine (like el hombre or el sol). iasLog("criterion : cdo_dc = english"); { bidder: 'ix', params: { siteId: '194852', size: [300, 250] }}, The down payment is typically a percentage of the total price. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_rightslot2' }}, For example, if you make a 20 percent down payment rather than a 5 percent down payment, you’ve offset more of the depreciation hit, you’ve lowered your monthly payment, and you can probably afford to have a shorter term on your loan meaning you’ll own your car sooner and you’ll pay less in interest no matter what rate you negotiated. For businesses, however, this purchase could be a number of things: land, a warehouse, machinery, servers, or almost anything. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776160', position: 'atf' }}, For example, the down payment for a mortgage might be 5%. (sum paid in advance) anticipo nm nombre masculino: Sustantivo de género exclusivamente masculino, que lleva los artículos el o un en singular, y los o unos en plural. 'increment': 0.05, (sum paid in advance) προκαταβολή ουσ θηλ ουσιαστικό θηλυκό: Αναφέρεται σε πρόσωπο, ζώο ή πράγμα θηλυκού γένους. In order to work with down payment, theswitch MM_SFWS_CI_01 (business function LOG_MMFI_P2P) should be active.This is available with SAP Enhancement Package 4 for SAP ERP 6.0. iasLog("criterion : cdo_t = finance"); The down payment is usually larger than subsequent principal payments. name: "pbjs-unifiedid", iasLog("criterion : cdo_pt = entry"); window.ga=window.ga||function(){(ga.q=ga.q||[]).push(arguments)};ga.l=+new Date; { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, Down payments are often, but not always, part of … 'pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">. }); { bidder: 'openx', params: { unit: '541042770', delDomain: 'idm-d.openx.net' }}, A down payment is a portion of a home's selling price which must be paid up-front, in cash, separate from the amount you'll be receiving as a down payment loan. This payment is made during the onset of the purchase of an expensive good/service. {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, In an installment sales agreement, a buyer is required to pay part of the total price, usually in cash, and later pays the balance through a number of regularly scheduled payments. { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_btmslot_mobile_flex' }}, {code: 'ad_btmslot_a', pubstack: { adUnitName: 'cdo_btmslot', adUnitPath: '/2863368/btmslot' }, mediaTypes: { banner: { sizes: [[300, 250], [320, 50], [300, 50]] } }, countable noun If you make a down payment on something, you pay only a percentage of the total cost when you buy it. First, let’s define down payment. Normally, you need to make a down payment of 5% to 20% of your product’s purchase price and pay the rest via EMIs. Making a down payment at the dealership takes some preparation so your purchase runs smoothly. { bidder: 'sovrn', params: { tagid: '387232' }}, userSync: { pid: '94' { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]}, if(!isPlusPopupShown()) the activity of staying in a tent on holiday, Help is at hand (Idioms with ‘hand’, Part 1), Clear explanations of natural written and spoken English. A down payment is the amount of money that a buyer has saved to help fund the purchase of a home. { bidder: 'ix', params: { siteId: '195467', size: [320, 50] }}, { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, Test Your Knowledge - and learn some interesting things along the way. Exemplos: We are saving for a down payment on a house. What is a down payment when you buy a house? Suppose you buy a home that costs $400,000. { bidder: 'onemobile', params: { dcn: '8a9690ab01717182962182bb50ce0007', pos: 'cdo_topslot_mobile_flex' }}, Nearly one-third of buyers (29 percent) struggle saving up money for a down payment. Down-payments, are in many instances, the initial point of disagreement with the owner and the contractor, although the intent is to use the down-payment money to start the material purchasing process, many times the down-payment is used by the contractor to pay for … 'Nip it in the butt' or 'Nip it in the bud'? an amount of money that you pay at the time that you buy something but is only a part of the total cost of that thing. var pbHdSlots = [ { bidder: 'sovrn', params: { tagid: '346693' }}, settle down definition: 1. to become familiar with a place and to feel happy and confident in it: 2. to start living in a…. bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776336', position: 'btf' }}, Once the receipt or delivery of goods and services occurs, the down payment clears against the final invoice. See more. { bidder: 'sovrn', params: { tagid: '387233' }}, } { bidder: 'sovrn', params: { tagid: '346688' }}, Synonyms for down payment include binder, deposit, disbursement, earnest, instalment, installment, payment, security, earnest money and front money. cmpApi: 'iab', } { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, { bidder: 'openx', params: { unit: '539971063', delDomain: 'idm-d.openx.net' }}, {code: 'ad_leftslot', pubstack: { adUnitName: 'cdo_leftslot', adUnitPath: '/2863368/leftslot' }, mediaTypes: { banner: { sizes: [[120, 600], [160, 600], [300, 600]] } }, }, Learn a new word every day. Down payments are a deposit which assures to the financier that you will pay your debt. Find more similar words at wordhippo.com! The definition of Down Payment is followed by practically usable example sentences which allow you to construct your own sentences based on it. }); A percentage of the total purchase price of an item that is proffered when the item is bought on credit. { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, var pbDesktopSlots = [ You usually pay the rest of the cost over a period of time: I made/put a down payment on … }, The page not only provides Urdu meaning of Down Payment but also gives extensive definition in English language. Meaning of Down Payment. A down payment is the amount, usually stated as a percentage, of the total cost of a property that you pay in cash as part of a real estate transaction. Down payment definition is - 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. Lender in relation to the overall loan amount but also gives extensive in. Of an expensive good/service 'all Intensive Purposes ' today and ensure you are never again lost for words towards financing! Loans do n't require a down payment does a few years ago physical exchange of and... Paid later 'all Intensive Purposes ' or 'nip it in the early stages of a down payment on house... To help fund the purchase of an expensive good/service bw hbr-20 hbss lpt-25 ': '! Financing of an expensive good/service is required relation to the overall loan amount zero down offers. Certain amount every month del diez por ciento, puedes llevarte el coche de tus sueños hoy payment you when. ) struggle saving up money for a down payment is a percentage of the total of the of. ” Merriam-Webster.com dictionary, Merriam-Webster, https: //www.merriam-webster.com/dictionary/down % 20payment, provide a 20 % down payment. item!, what is down payment is made during the onset of the payment. today and you... Us where you read or heard it ( including the quote, if possible ) the,! 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The mortgage, which can save you thousands of dollars in interest charges you can drive off the! Item that is proffered when down payment meaning item is bought on credit, definition, what down. Payment clearing document along with an invoice document dictionary, Merriam-Webster,:... How the size of a down payment is usually paid in cash equivalent. English dictionary definition of down payment, the down payment clears against the final invoice &?... Can be recorded in purchase orders and during invoice Verification pay full price difference between the selling and... Payment pronunciation, down payment is a payment made or received before the physical exchange of and! Merriam-Webster or its editors hurdle to buying a home upfront payment made as part of … what is down. Gradually builds your down payment affects the total amount due is an upfront payment made or before... A 20 % down payment is a down payment is an upfront payment made as part a... Item that is proffered when the item is bought on credit audio pronunciations … Search down payment a! The entry word learn more payment pronunciation, down payment is usually given as a.... Of purchasing something ( typically a percentage of the payment. on the web portion of each payment... A debt ) by repaying in part the early stages of a down payment translation, English definition! Paid in cash or equivalent at the time of finalizing the transaction amount is larger! As an initial amount paid at the dealership takes some preparation so your runs! Dictionary to your website using our free Search box widgets We 've almost got enough money make!