Library / English Dictionary

DOWN PAYMENT

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A partial payment made at the time of purchase; the balance to be paid later

Synonyms:

deposit; down payment

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("down payment" is a kind of...):

payment (a sum of money paid or a claim discharged)

Hyponyms (each of the following is a kind of "down payment"):

margin; security deposit (the amount of collateral a customer deposits with a broker when borrowing from the broker to buy securities)

Credits

 Context examples: 

Most of the month, the Sun will be transiting your fourth house of home, so your family may help you with a down payment on a new house or condo, or you may be thinking of renovating your present home and talk to contractors and designers.

(AstrologyZone.com, by Susan Miller)