down payment

noun
UK: /ˈdaʊnˌpeɪ.mənt/
US: /ˈdaʊnˌpeɪ.mənt/

  1. An initial payment made when buying something expensive.

    1. I made a down payment on a new car.
    2. The bank required a large down payment before approving the mortgage for the house.

  2. A part of the total cost of something that you pay at the time that you buy it, with the rest to be paid later.

    1. We put a down payment on the house.
    2. They asked for a 20% down payment before starting the work.

Synonyms

deposit

Frequently Asked Questions

The word "down payment" in English means: An initial payment made when buying something expensive., A part of the total cost of something that you pay at the time that you buy it, with the rest to be paid later..

The phonetic transcription of "down payment" is /ˈdaʊnˌpeɪ.mənt/ in British English and /ˈdaʊnˌpeɪ.mənt/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "down payment": deposit.

Example usage of "down payment": "I made a down payment on a new car.". More examples on the page.