down payment
70
3.1
- noun
- /ˈdaʊn ˈpeɪmənt/
- US
:
pago inicial
- I was supposed to use it for a down payment on a house for my family.
- require a down payment
- 20 percent down payment
- a low down payment
But we spent enough money in there to put a down payment on a boat.
- But we spent enough money in there to put a down payment on a boat.
- So I didn't have the down payment for this property.
- The very first thing that you should pay attention to is the down payment.
- But now that we do had, or we have had consumers struggling with down payments, consumers struggling with too much debt.
- And I take that money and I use that money to pay a down payment on the property.
- The first one is you're going to need a down payment.
- And so therefore your down payment goes up and therefore your returns go down, right.
- And it turns out that the down payment is the key to determining how sound a mortgage will be.
- The millennial generation struggled to find jobs when they graduated and saw house prices rise faster than they could save for a down payment.
- Have the title company write me a letter saying that they are holding his, his, the borrower's down payment in their escrow.
- They continually have to realize that they make down payments on the dream they have.
- No, No Down Payment, no, no, no qualifying.
- Those with lower credit scores and smaller down payments will be provided better rates.
Examples
-
All right, my parents helped with the down payment, so it wasn't all us.
-
The bank requires a 20% down payment for the mortgage application.
-
But we spent enough money in there to put a down payment on a boat.
-
The worst part about that is that the down payment has to come from their own sources.
-
And I... brought the funds for my down payment.
-
"When my mother died, I used the life insurance money as a down payment on some land.
Fiction book (2000) -
I had a down payment on my house and things were really rolling.
-
I made twelve thousand dollars in my second week, and I had a down payment on my house.
Fiction book (1990) -
We require a down payment before the patient's name can be placed on the receiver list.
Fiction book (2002) -
Those with lower credit scores and smaller down payments will be provided better rates.
Synonyms
235
3.3
Money paid in advance to hold or secure something
68
3.7
A cash payment made when you buy something, often as a deposit
How Large
Surface Forms
Morphology
The phrase partly follows a compositional logic: 'payment' is clear and 'down' can suggest a portion paid or reduction (as in 'pay down'), so learners may infer it refers to a payment made at the start. However, the specific financial sense 'initial/advance payment on credit' is somewhat lexicalized and not an obvious meaning of 'down' for a B1 learner without exposure, so full predictability is limited.
Etymology
Down payment comes from the image of putting money down on the table to show you are serious about buying something. So a down payment is the first money you pay 'in advance' to hold a purchase while you pay the rest later.