Down payment

Down payment

An amount paid in cash for a property, with the intent to mortgage the remaining amount due.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Real estate
Category: General
Company: Coldwell Banker
Product:
Acronym-Abbreviation:

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Related terms

down payment

Financial services; Home equity

An initial payment made when something is bought on credit.

down payment

Software; ERP

A part of the full price paid at the time of purchase or delivery with the balance to be paid later. Down payments are shown separately from other receivables and payables on the ...

down payment

Automotive; Automobile

The amount of cash or net trade-in allowance applied to reduce the cash sales price of a vehicle. Most retail transactions require a down payment of 10 to 15 percent of the amount ...

down payment

Construction; General

The difference between the sales price and the mortgage amount. A downpayment is usually paid at closing.

down payment

Real estate; General

An amount paid in cash for a property, with the intent to mortgage the remaining amount due.

down payment

Real estate; General

A percentage of the purchase price that the buyer must pay in cash and may not borrow from the lender.

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