DOWN PAYMENT

Pronunciation (US):

 Dictionary entry overview: What does down payment mean? 

• DOWN PAYMENT (noun)
  The noun DOWN PAYMENT has 1 sense:

1. a partial payment made at the time of purchase; the balance to be paid later

  Familiarity information: DOWN PAYMENT used as a noun is very rare.

 Dictionary entry details 

• DOWN PAYMENT (noun)

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"):

margin; security deposit (the amount of collateral a customer deposits with a broker when borrowing from the broker to buy securities)