down payment

NOUN
  1. a partial payment made at the time of purchase; the balance to be paid later
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How To Use down payment In A Sentence

  • That could be a debt-free college degree, money to live overseas for a year, the down payment on a house, cash to buy an engagement ring or a spotless credit report.
  • Cash also plays its part in managerial success, but the £5m that Moyes has been given to spend represents no more than a down payment on a decent Premiership player.
  • Many people (including me) make larger purchases on the apartado system, which involves a down payment, periodic installments, and collecting the item when the last installment is paid. Trust of banks and money in Mexico
  • The defendants allegedly collected down payments from consumers at the time the contracts were signed and then either failed to begin the work or performed work in a shoddy and unworkmanlike manner.
  • Would it be wiser to use a more conventional vehicle for a down payment?
  • The Military Assistance Program of 1949 was, obviously, only a small down payment on a large long-term investment.
  • Other gifts are given as investments - an heirloom is essentially a saftey deposit against hard times in the future or a down payment on a house, car or holiday. The value of gifts (or 'What Star Trek taught me about capitalism')
  • Well, you don't play polo because you need that down payment on your mortgage.
  • Lenders typically require a higher down payment and may charge other fees.
  • (As any young person who has cadged a down payment from parents can attest, intergenerational wealth transfers are a particularly efficient way of gaining a foothold in homeownership and so building wealth.) Study: Racial Wealth Gap Widened Over the Last Generation | Impact Lab
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