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
No down payment, low interest rates, flexible credit guidelines.
—
Allison Palmer, Miami Herald, 20 May 2026
First-time buyers often don’t have equity from a previous home to put toward a down payment.
—Alex Veiga, Fortune, 20 May 2026
For sellers who need to move for non-financial reasons, the consolation is that their existing equity provides a down payment cushion that limits the effective cost of the rate differential.
—Jason Kirsch, Forbes.com, 20 May 2026
Buyers earning 60% to 80% of the area’s median income will receive down payment assistance.
—Kamal Morgan, Fort Worth Star-Telegram, 19 May 2026
See All Example Sentences for down payment
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Allison Palmer, Miami Herald, 20 May 2026
First-time buyers often don’t have equity from a previous home to put toward a down payment.
—Alex Veiga, Fortune, 20 May 2026
For sellers who need to move for non-financial reasons, the consolation is that their existing equity provides a down payment cushion that limits the effective cost of the rate differential.
—Jason Kirsch, Forbes.com, 20 May 2026
Buyers earning 60% to 80% of the area’s median income will receive down payment assistance.
—Kamal Morgan, Fort Worth Star-Telegram, 19 May 2026
See All Example Sentences for down payment
Cite this Entry
“Down payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/down%20payment. Accessed 21 May. 2026.
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