Feedback
Down payment
Meaning
Noun
●
In Finance & Law:
A
payment
representing
a
fraction
of the price of something being
purchased
, made to
secure
the right to
continue
making
payments
towards that purchase.
●
Any
initial
commitment
signifying
an
intention
to
carry out
a
larger
future
commitment
,
even though
no
legal
rights
or
obligations
are secured.
Sourced from
Wiktionary
Synonyms
Deposit
Join 10 million students and professionals writing 70% faster at QuillBot.com
Start writing better