downpayment
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English
Etymology
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Pronunciation
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Noun
downpayment noun
- A payment representing a fraction of the price of something being purchased, made to secure the right to continue making payments towards that purchase.
- (by extension) Any initial commitment signifying an intention to carry out a larger future commitment, even though no legal rights or obligations are secured.
Verb
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Related terms
Synonyms
depositdownpaymentsmortgageloanpaymentcashmortagehelocbuydownrepaymentsavingsloansfinancingpaymentsmoolahmortgages
Associated
Rhymes
Usage & collocations
No usage or collocation data has been added yet.
Community definitions
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Usage in the wild
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