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English definition of “down payment”

down payment

noun [C] (also downpayment)    
an amount of money that you pay at the time that you buy something but is only a part of the total cost of that thing. You usually pay the rest of the cost over a period of time: I've made/put a down payment on a new TV and video.General words for amounts of moneyLarge amounts of moneySmall amounts of money
(Definition of down payment noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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