down payment definition, meaning - what is down payment in the British English Dictionary & Thesaurus - Cambridge Dictionaries Online

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English definition of “down payment”

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down payment

noun [C] (also downpayment) uk   us  
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 made/put a down payment on a new smart TV.
(Definition of down payment from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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