English version

down payment

From Longman Dictionary of Contemporary English
Related topics: Finance
down paymentˌdown ˈpayment noun [countable]  BFa payment you make when you buy something that is only part of the full price, with the rest to be paid later We’ve almost got enough money to make a down payment on a house.
Examples from the Corpus
down paymentWith a $ 10,000 down payment, the mortgage loan is $ 90,000.For Gianjin Hu and his family, it took nearly five years to save enough money for a down payment.Would it be wiser to use a more conventional vehicle for a down payment?Lenders typically require a higher down payment and may charge other fees.The Military Assistance Program of 1949 was, obviously, only a small down payment on a large long-term investment.
From Longman Business Dictionarydown paymentˌdown ˈpayment [countable]FINANCE the first payment made in the repayment of a large debt, such as a mortgageThe mortgage company reduced to 5% the minimum down payment that first-time homebuyers must make.Unsecured creditors should agree to accept a down payment of around 35p in the pound. payment
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