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单词 down payment
释义

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

Example Sentences

She made a 10 percent down payment on the car. We put a down payment on the house.
Recent Examples on the Web According to the company, the loan program specifically for Black borrowers that offers 1% down payment, free appraisal, free home warranties program, and no-cost pre-purchase home-buying counseling. Jasmine Browley, Essence, 12 Sep. 2022 The administration plans to address those concerns in the future though a program that would help residents afford a housing down payment, which is a barrier to many seeking to own a home, said Sally Martin, the director of building and housing. Lucas Daprile, cleveland, 29 Aug. 2022 In years to come, perhaps a down payment for a home. Michelle Singletary, Washington Post, 17 Aug. 2022 The monthly mortgage payment on a typical existing single-family home with a 20% down payment skyrocketed by 32% quarter-over-quarter and by nearly 50% from one year ago, according to NAR’s report. Anna Bahney, CNN, 11 Aug. 2022 Those who need rental income to qualify for the mortgage, or who apply for a jumbo loan, will need a higher down payment — up to 30 percent, Latone said. Globe Correspondent, BostonGlobe.com, 22 May 2022 The company plans a down payment of about $18.6 billion, the equivalent of about €17 billion, on that facility. Asa Fitch, WSJ, 15 Mar. 2022 For buyers who can’t afford to plunk down a 20 percent down payment — the threshold at which buyers avoid costly mortgage insurance — a shared appreciation agreement might be an option. New York Times, 18 Feb. 2022 The pair are currently house-hunting, which was made easier, thanks to the show gifting them a $200,000 check towards a down payment (in addition to a pricey Neil Lane diamond ring). Elizabeth Wagmeister, Variety, 22 Dec. 2021 See More

Word History

First Known Use

1854, in the meaning defined above

Kids Definition

down payment

noun

: a part of a price paid when something is bought with an agreement to pay the rest later

down payment

noun

as in deposit
a first payment that you make when you buy something with an agreement to pay the rest later She made a 10 percent down payment on the car. We put a down payment on the house.

Synonyms & Similar Words

Relevance
  • deposit
  • guarantee
  • security
  • gage
  • earnest
  • guaranty
  • bond
  • pledge
  • commitment
  • warranty
  • bail
  • promise
  • assurance
  • handsel
  • contract
  • surety
  • pawn
  • oath
  • compact
  • covenant
  • word
  • troth
  • recognizance
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更新时间:2025/1/24 15:33:54