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
For example, Harris has proposed giving $25,000 in down payment assistance to first-time homebuyers.
—
Paul Davidson, USA TODAY, 4 Nov. 2024
This can include down payment assistance, affordable loan products and comprehensive financial counseling.
—Kevin Cohee, Forbes, 1 Nov. 2024
The vice president aims to increase the child tax credit, offer down payment assistance to first-time homebuyers, raise the tax deduction for small business and increase the Medicare tax for those earning more than $400,000.
—Nina Turner, Newsweek, 31 Oct. 2024
Harris is also proposing outlawing price fixing by corporate landlords and giving first-time homebuyers who have paid their rent on time for two years with up to $25,000 in down payment assistance.
—Carter Evans, CBS News, 25 Oct. 2024
See all Example Sentences for down payment 
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Paul Davidson, USA TODAY, 4 Nov. 2024
This can include down payment assistance, affordable loan products and comprehensive financial counseling.
—Kevin Cohee, Forbes, 1 Nov. 2024
The vice president aims to increase the child tax credit, offer down payment assistance to first-time homebuyers, raise the tax deduction for small business and increase the Medicare tax for those earning more than $400,000.
—Nina Turner, Newsweek, 31 Oct. 2024
Harris is also proposing outlawing price fixing by corporate landlords and giving first-time homebuyers who have paid their rent on time for two years with up to $25,000 in down payment assistance.
—Carter Evans, CBS News, 25 Oct. 2024
See all Example Sentences for down payment
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 23 Nov. 2024.
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