down payment

English dictionary entry

Meanings

noun
  1. A payment representing a fraction of the price of something being purchased, made to secure the right to continue making payments towards that purchase.
  2. Any initial commitment signifying an intention to carry out a larger future commitment, even though no legal rights or obligations are secured.

Pronunciation

LL-Q1860 (eng)-Flame, not lame-down payment.wav

Word forms

down payment down payments

Synonyms

Derived words

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