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
But Costanzo used the money toward a down payment on a condominium purchase, the indictment says.
—
Jay Weaver, Miami Herald, 13 Oct. 2025
For instance, Andrews Federal Credit Union offers eligible first-time homebuyers up to $20,000 toward their down payment or closing costs.
—Andreina Rodriguez, CNBC, 10 Oct. 2025
With rent prices still high across much of the country, saving for a down payment can feel nearly impossible.
—Preston Fore, Fortune, 9 Oct. 2025
The formula for determining the down payments that GM Financial paid to dealers on those EVs was 5% of the maximum price for each car.
—Mike Colias, USA Today, 9 Oct. 2025
See All Example Sentences for down payment
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Jay Weaver, Miami Herald, 13 Oct. 2025
For instance, Andrews Federal Credit Union offers eligible first-time homebuyers up to $20,000 toward their down payment or closing costs.
—Andreina Rodriguez, CNBC, 10 Oct. 2025
With rent prices still high across much of the country, saving for a down payment can feel nearly impossible.
—Preston Fore, Fortune, 9 Oct. 2025
The formula for determining the down payments that GM Financial paid to dealers on those EVs was 5% of the maximum price for each car.
—Mike Colias, USA Today, 9 Oct. 2025
See All Example Sentences for down payment
Cite this Entry
“Down payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/down%20payment. Accessed 20 Oct. 2025.
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