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down payment
noun
: a part of the full price paid at the time of purchase or delivery with the balance to be paid later
broadly : the first step in a process
Example Sentences
She made a 10 percent down payment on the car. We put a down payment on the house.
Recent Examples on the Web According to the company, the loan program specifically for Black borrowers that offers 1% down payment, free appraisal, free home warranties program, and no-cost pre-purchase home-buying counseling. 
Jasmine Browley, Essence, 12 Sep. 2022 The administration plans to address those concerns in the future though a program that would help residents afford a housing down payment, which is a barrier to many seeking to own a home, said Sally Martin, the director of building and housing. Lucas Daprile, cleveland, 29 Aug. 2022 In years to come, perhaps a down payment for a home. Michelle Singletary, Washington Post, 17 Aug. 2022 The monthly mortgage payment on a typical existing single-family home with a 20% down payment skyrocketed by 32% quarter-over-quarter and by nearly 50% from one year ago, according to NAR’s report. Anna Bahney, CNN, 11 Aug. 2022 Those who need rental income to qualify for the mortgage, or who apply for a jumbo loan, will need a higher down payment — up to 30 percent, Latone said. Globe Correspondent, BostonGlobe.com, 22 May 2022 The company plans a down payment of about $18.6 billion, the equivalent of about €17 billion, on that facility. Asa Fitch, WSJ, 15 Mar. 2022 For buyers who can’t afford to plunk down a 20 percent down payment — the threshold at which buyers avoid costly mortgage insurance — a shared appreciation agreement might be an option. New York Times, 18 Feb. 2022 The pair are currently house-hunting, which was made easier, thanks to the show gifting them a $200,000 check towards a down payment (in addition to a pricey Neil Lane diamond ring). Elizabeth Wagmeister, Variety, 22 Dec. 2021 See More
Jasmine Browley, Essence, 12 Sep. 2022 The administration plans to address those concerns in the future though a program that would help residents afford a housing down payment, which is a barrier to many seeking to own a home, said Sally Martin, the director of building and housing. Lucas Daprile, cleveland, 29 Aug. 2022 In years to come, perhaps a down payment for a home. Michelle Singletary, Washington Post, 17 Aug. 2022 The monthly mortgage payment on a typical existing single-family home with a 20% down payment skyrocketed by 32% quarter-over-quarter and by nearly 50% from one year ago, according to NAR’s report. Anna Bahney, CNN, 11 Aug. 2022 Those who need rental income to qualify for the mortgage, or who apply for a jumbo loan, will need a higher down payment — up to 30 percent, Latone said. Globe Correspondent, BostonGlobe.com, 22 May 2022 The company plans a down payment of about $18.6 billion, the equivalent of about €17 billion, on that facility. Asa Fitch, WSJ, 15 Mar. 2022 For buyers who can’t afford to plunk down a 20 percent down payment — the threshold at which buyers avoid costly mortgage insurance — a shared appreciation agreement might be an option. New York Times, 18 Feb. 2022 The pair are currently house-hunting, which was made easier, thanks to the show gifting them a $200,000 check towards a down payment (in addition to a pricey Neil Lane diamond ring). Elizabeth Wagmeister, Variety, 22 Dec. 2021 See More Word History
First Known Use
1854, in the meaning defined above
Time Traveler
The first known use of down payment was in 1854 👨🏻🏫 Mr. Ng 韋氏詞典 📚 – mw.mister5️⃣.net
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