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.
How To Cut Down Run-On SentencesA run-on sentence is a sentence where two or more independent clauses have been incorrectly joined together. An independent clause contains both a subject and a verb and can stand on its own as a complete sentence. Some examples of independent clauses include “Jane ate dinner,” “John went to the store,” and “Sue made a pie.” Comma Splices A comma splice is a grammatical error …
Origin of down payment
First recorded in 1925–30
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
British Dictionary definitions for 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
Culture definitions for down payment
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 Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.