What does Down Payment mean? – Definitions.net – Down payment is a payment used in the context of the purchase of expensive items such as a car and a house, whereby the payment is the initial upfront portion of the total amount due and it is usually given in cash at the time of finalizing the transaction.
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What's the Right Down Payment on a Car Loan or Lease. – Down Payment Benefits. Seen from the bank or financing company’s perspective, money down has specific functions. First, it provides the financing company with some cash from the start. That means that, even if the borrower defaults early, the lender has collected some portion of the loan before the borrower even sends the first payment.
What is down payment? definition and meaning. – Definition of down payment: Good faith deposit made by a buyer to underline his or her commitment to complete the deal. In mortgage agreements, down payment is the difference between the purchase price of a property and the.
Down payment – Wikipedia – Down payment is a payment used in the context of the purchase of expensive items such as a car and a house, whereby the payment is the initial upfront portion of the total amount due and. may desire as evidence that the borrower's finances are sound, and that the borrower is not borrowing beyond his or her means.
Definition of DOWN PAYMENT – Dictionary by Merriam-Webster. – Down payment definition is – 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. How to use down payment in a sentence.
What does down payment mean? definition, meaning and. – Meaning: A partial payment made at the time of purchase; the balance to be paid later. Classified under: nouns denoting possession and transfer of possession. Synonyms: down payment; deposit. hypernyms ("down payment" is a kind of.): payment (a sum of money paid) Hyponyms (each of the following is a kind of "down payment"):
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