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
Private mortgage insurance: Required for conventional mortgages with a down payment under 20%, PMI protects a lender should the borrower default on their loan.
—
Kelsey Neubauer, CNBC, 30 May 2025
While helping the homeless, the omnibus bill also calls for a first-time homeowner’s savings account that can be used for a down payment or closing costs when purchasing a home.
—Christopher Keating, Hartford Courant, 28 May 2025
As a result, buyers—especially those with limited down payments—might view a recession as a more favorable time to enter the market.
—Giulia Carbonaro, MSNBC Newsweek, 21 May 2025
The bill, a top priority of the Legislative Black Caucus of Maryland, detailed a host of potential reparations, including official statements of apology, financial compensation, assistance with making a down payment on a home, debt forgiveness and tuition payment waivers for higher education.
—Cheyanne M. Daniels, The Hill, 19 May 2025
See All Example Sentences for down payment
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Kelsey Neubauer, CNBC, 30 May 2025
While helping the homeless, the omnibus bill also calls for a first-time homeowner’s savings account that can be used for a down payment or closing costs when purchasing a home.
—Christopher Keating, Hartford Courant, 28 May 2025
As a result, buyers—especially those with limited down payments—might view a recession as a more favorable time to enter the market.
—Giulia Carbonaro, MSNBC Newsweek, 21 May 2025
The bill, a top priority of the Legislative Black Caucus of Maryland, detailed a host of potential reparations, including official statements of apology, financial compensation, assistance with making a down payment on a home, debt forgiveness and tuition payment waivers for higher education.
—Cheyanne M. Daniels, The Hill, 19 May 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 13 Jun. 2025.
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