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.
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Recent Examples of down payment
Investigators said using a spoof email address the perpetrator redirected a client’s more than $80,000 down payment on a condominium.
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Alexa Ashwell, Baltimore Sun, 17 Jan. 2025
Different states offer varying amounts of down payment assistance to help first-time homebuyers.
—Michael Gfoeller and David H. Rundell, Newsweek, 15 Jan. 2025
And at the same time, veteran teachers are often left out of down payment assistance programs because the income cap is too low.
—Eliza Shapiro, New York Times, 15 Jan. 2025
Today's generation can barely afford to save to put the down payment on a house, and mortgage prices and interest rates are rising, putting the housing market out of the reach of many Gen Z and Millennial professionals.
—Rachel Wells, Forbes, 14 Jan. 2025
See all Example Sentences for down payment 
Alexa Ashwell, Baltimore Sun, 17 Jan. 2025
Different states offer varying amounts of down payment assistance to help first-time homebuyers.
—Michael Gfoeller and David H. Rundell, Newsweek, 15 Jan. 2025
And at the same time, veteran teachers are often left out of down payment assistance programs because the income cap is too low.
—Eliza Shapiro, New York Times, 15 Jan. 2025
Today's generation can barely afford to save to put the down payment on a house, and mortgage prices and interest rates are rising, putting the housing market out of the reach of many Gen Z and Millennial professionals.
—Rachel Wells, Forbes, 14 Jan. 2025
See all Example Sentences for down payment
Thesaurus Entries Near down payment
Cite this Entry
“Down payment.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/down%20payment. Accessed 22 Feb. 2025.
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