down payment

Meaning

  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. (broadly) Any initial commitment signifying an intention to carry out a larger future commitment, even though no legal rights or obligations are secured.

Synonyms

monetary deposit

first instalment

initial deposit

initial outlay

contract money

cash down payment

initial payment

down paryment

part payment

Translations

versement initial

premier acompte

acompte

προκαταβολή

cuota inicial

καπάρο

Notes

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