down payment
noun
: 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
Examples of down payment in a Sentence
She made a 10 percent down payment on the car.
We put a down payment on the house.
Recent Examples on the Web
There are good reasons banks have historically asked for a down payment when lending for a home.
—
Howard Husock, National Review, 16 Aug. 2024
Each disbursement of $25,000 was initially permitted to be used one of three ways: On a down payment for a new home, on mortgage payments, or on home repairs.
—Kate Armanini, Chicago Tribune, 10 Aug. 2024
The minimum down payment for a conventional loan with Better is 3%.
—Kelsey Neubauer, CNBC, 9 Aug. 2024
Going outside of EVs, some other auto lease deals — which might require a decent down payment — could be found for as low as $299 a month or less in July, according to Edmunds.com research.
—Susan Tompor, Detroit Free Press, 1 Aug. 2024
See all Example Sentences for down payment 
Howard Husock, National Review, 16 Aug. 2024
Each disbursement of $25,000 was initially permitted to be used one of three ways: On a down payment for a new home, on mortgage payments, or on home repairs.
—Kate Armanini, Chicago Tribune, 10 Aug. 2024
The minimum down payment for a conventional loan with Better is 3%.
—Kelsey Neubauer, CNBC, 9 Aug. 2024
Going outside of EVs, some other auto lease deals — which might require a decent down payment — could be found for as low as $299 a month or less in July, according to Edmunds.com research.
—Susan Tompor, Detroit Free Press, 1 Aug. 2024
See all Example Sentences for down payment
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'down payment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near down payment
Cite this Entry
“Down payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/down%20payment. Accessed 11 Sep. 2024.
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