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
Examples of down payment in a Sentence
She made a 10 percent down payment on the car.
We put a down payment on the house.
Recent Examples on the Web
Zillow defines affordable as homeowners spending no more than 30% of their income on payments, factoring in a 5% down payment, and a mortgage of 6.94%.
—
Khristopher J. Brooks, CBS News, 4 Apr. 2024
The awards represent another down payment by NASA on its Artemis program, which the agency hopes will not only return astronauts to the lunar surface but will build a base there.
—Christian Davenport, Washington Post, 3 Apr. 2024
New homebuyers now need to make more than $106,000 to comfortably afford a 30-year home mortgage with a 10% down payment, Zillow said.
—Angela Rodriguez and, Idaho Statesman, 27 Mar. 2024
End the conversation if a down payment on a ticket is demanded.
—Susan Tompor, Detroit Free Press, 26 Mar. 2024
In that case, buyers will have to pay their own agent out of pocket, on top of a down payment and other closing costs.
—Scott Horsley, NPR, 22 Mar. 2024
Here’s how This week a home at that price, on which a buyer made a 20% down payment with a mortgage rate of 6.74%, will see a monthly payment of $2,031 — about $220 less.
—Anna Bahney, CNN, 14 Mar. 2024
The down payment gift from Park’s parents allowed the couple to save a small nest egg for home improvement projects.
—Kate Talerico, The Mercury News, 26 Feb. 2024
Some agents, however, worry shifting how commission fees are paid could hurt first-time homebuyers already straining to afford the Bay Area’s hefty down payments and closing costs.
—Ethan Varian, The Mercury News, 19 Mar. 2024
Khristopher J. Brooks, CBS News, 4 Apr. 2024
The awards represent another down payment by NASA on its Artemis program, which the agency hopes will not only return astronauts to the lunar surface but will build a base there.
—Christian Davenport, Washington Post, 3 Apr. 2024
New homebuyers now need to make more than $106,000 to comfortably afford a 30-year home mortgage with a 10% down payment, Zillow said.
—Angela Rodriguez and, Idaho Statesman, 27 Mar. 2024
End the conversation if a down payment on a ticket is demanded.
—Susan Tompor, Detroit Free Press, 26 Mar. 2024
In that case, buyers will have to pay their own agent out of pocket, on top of a down payment and other closing costs.
—Scott Horsley, NPR, 22 Mar. 2024
Here’s how This week a home at that price, on which a buyer made a 20% down payment with a mortgage rate of 6.74%, will see a monthly payment of $2,031 — about $220 less.
—Anna Bahney, CNN, 14 Mar. 2024
The down payment gift from Park’s parents allowed the couple to save a small nest egg for home improvement projects.
—Kate Talerico, The Mercury News, 26 Feb. 2024
Some agents, however, worry shifting how commission fees are paid could hurt first-time homebuyers already straining to afford the Bay Area’s hefty down payments and closing costs.
—Ethan Varian, The Mercury News, 19 Mar. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'down payment.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near down payment
Cite this Entry
“Down payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/down%20payment. Accessed 19 Apr. 2024.
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