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down payment

or down-payment

an initial amount paid at the time of purchase, in installment buying, time sales, etc.
any initial or partial payment, gift, favor, or recompense, as to reduce one's indebtedness or express one's obligation or gratitude:
This gift is just a down payment for all the favors I owe you.
Origin of down payment
First recorded in 1925-30 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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Examples from the Web for down payment
Contemporary Examples
Historical Examples
  • How much of a down payment did you make on the sewing machine?

  • I'll have to see about making the down payment on it the first day we get back.

    Earth Alert! Kris Neville
  • So, what I have proposed is that we first see if we can agree on a down payment.

  • But the down payment they'd finally made on their small Missouri farm simply meant that Joe was trapped in debt.

    The Lost Wagon James Arthur Kjelgaard
  • He had skimped for six months to salvage enough money from his allowance to make a down payment on the telporter suit.

    A Bottle of Old Wine Richard O. Lewis
British Dictionary definitions for down payment

down payment

the deposit paid on an item purchased on hire-purchase, mortgage, etc
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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down payment in Culture

down payment definition

A payment in part made at the time of purchase of a good, with the promise to make full payment later.

The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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