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Uncommondown payment
The correct spelling is down payment.
How to pronounce down payment
noun
Say it like: Dow-n p-aym-ent
The correct spelling is down payment. A payment representing a fraction of the price of something being purchased, made to secure the right to continue making payments towards that purchase.
Usage Examples
No usage examples in context are available for this word.
Definition
noun
- 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.(by extension) Any initial commitment signifying an intention to carry out a larger future commitment, even though no legal rights or obligations are secured.
Similar words
Words related in meaning — check their spelling too.