Definitions
American Heritage® Dictionary of the English Language, Fourth Edition
- n. A partial payment made at the time of purchase, with the balance to be paid later.
Wiktionary
- n. law A payment representing a fraction of the price of something being purchased, made to secure the right to continue making payments towards that purchase.
- n. By extension, any initial commitment signifying an intention to carry out a larger future commitment, even though no legal rights or obligations are secured.
WordNet 3.0
- n. a partial payment made at the time of purchase; the balance to be paid later
Examples
“IN 1955, while other people were worried about the Cold War and were building air raid shelters, Mira and Norm were worried about the down payment on a small house they wanted to buy in Meyersville.”
““The five-hundred-dollar down payment has been added to the full cost of the braces and divided into thirty-five-dollar-a-month payments,” she said, running the pencil along the sheet.”
“First the down payment on two quai loh dancing dresses for Third Granddaughter in return for half her earnings in the first year.”
“Their so-called agency problem as well as that of Fannie Mae and Freddie Mac is just economic jargon for bad incentives to provide investors with a little packaged truth about real economic riskrisk that was historically recognized in the sizable down payment requirements.”
“If I go through with the Struan deal he'll be using my cash down payment to get off the Toda and Orlin hooks — if his bank doesn't extend his credit.”
“And Sweringen reportedly often demanded a down payment of 40-60% of the price of the aircraft.”
Simon & Schuster: Strategic Management in Developing Countries Case Studies
“For you, the low down payment and the no-monthly-payment balloon provide you with access to a well-located investment property for a small initial investment and no negative cash flow for at least five years.”
“Of course, and Bruce and I really do understand that the Par-Con down payment will give you the financing to complete your ship transactions and make a partial Orlin payment.”
“It's called the Welcome Home Package, and it offers veterans the exact same health care they received during their time in the service, double the education benefit they receive now, and a $5,000 down payment on a home.”
“People who once would have rented little houses in their hometowns, now that rented houses were nearly extinct, bought houses in Meyersville for a $500 down payment and a 4½ percent VA mortgage.”
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