buy-down

[ bahy-doun ]
/ ˈbaɪˌdaʊn /

noun

a subsidy for a long-term mortgage offered by a third party, as a builder or developer, to lower interest rates for a buyer in the early years of the loan.

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Did you ever collect all those state quarters? Put them to good use on this quiz about curious state monikers and the facts around them.
Question 1 of 8
Mississippi’s nickname comes from the magnificent trees that grow there. What is it?
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020