down payment

American  

Or down-payment

noun

• down payments
  plural

1. an initial amount paid at the time of purchase, in installment buying, time sales, etc.

2. 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.

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down payment British  

noun

1. the deposit paid on an item purchased on hire-purchase, mortgage, etc

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down payment Cultural  

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

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Other Word Forms

Noun Inflected Forms

• down payments
  plural

Etymology

Origin of down payment

First recorded in 1925–30

Example Sentences

See Examples For:

down payment

Drolet has been saving and investing his earnings from various jobs over the past five years, and could soon have enough for a down payment on a small property.

From MarketWatch ● Sep. 2, 2026

For investors saving for near-term milestones such as a home down payment, Mayo recommends ultra-short-term bond funds so their savings don’t lose value if the market drops.

From The Wall Street Journal ● Sep. 1, 2026

The couple had tucked away enough money for a down payment.

From MarketWatch ● Sep. 1, 2026

The Grammy-award winning rapper may have already received a down payment worth millions of dollars for the planned Russian dates, Fontanka reported.

From Barron's ● Aug. 28, 2026

The house that the man then showed them that Malcolm X particularly liked, in a predominantly Jewish neighborhood also on Long Island, required a $3000 down payment.

From "The Autobiography of Malcolm X" by Alex Malcolm X;Hailey

Related Words

• deposit