DOWNPAYMENT
Down payment
Down payment is a payment used in the context of the purchase of expensive items such as a car and a house, whereby the payment is the initial upfront portion of the total amount due and it is usually given in cash at the time of finalizing the transaction.The above text is a snippet from Wikipedia: Down payment
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down payment
Noun
- A payment representing a fraction of the price of something being purchased, made to secure the right to continue making payments towards that purchase.
- By extension, any initial commitment signifying an intention to carry out a larger future commitment, even though no legal rights or obligations are secured.
The above text is a snippet from Wiktionary: down payment
and as such is available under the Creative Commons Attribution/Share-Alike License.
downpayment
Noun
The above text is a snippet from Wiktionary: downpayment
and as such is available under the Creative Commons Attribution/Share-Alike License.