down payment

noun

Synonyms of down paymentnext
: 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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
For example, if a house is priced at $100,000, the city would put up $10,000 of the $20,000 down payment. Mars King, Twin Cities, 8 Feb. 2026 For many buyers, especially first-timers, saving for a down payment is often the biggest hurdle to homeownership. Brendel Clark, Freep.com, 7 Feb. 2026 The DeRises closed on the house on Halloween night in 2024 with a 15% down payment of $82,500. Celia Fernandez tasia Jensen, CNBC, 7 Feb. 2026 Rhiannon Do received most of the bribes via a high-paying job at Viet America Society and $350,000 for a down payment on a $1 million North Tustin home. Tony Saavedra, Oc Register, 5 Feb. 2026 See All Example Sentences for down payment

Word History

First Known Use

1854, in the meaning defined above

Time Traveler
The first known use of down payment was in 1854

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Cite this Entry

“Down payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/down%20payment. Accessed 15 Feb. 2026.

Kids Definition

down payment

noun
: a part of the full price paid at the time of purchase or delivery with the remainder to be paid later

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Last Updated: - Updated example sentences
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