See Also: payment(dictionary)
down payment(dictionary)
Payment(finance)
non-payment(dictionary)
payment(dictionary)
Co-payment(health)
Down Payment(law)
Payment(money)
Documents against payment(finance)
Graduated payment(finance)

Down Payment (law)




An amount of money paid towards the purchase price of an item being financed. The down payment is subtracted from the total cost of the item and the balance of that cost is then financed.