Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “down payment”

down payment

noun [C]    
COMMERCE a payment of part of the total cost of something that you make when you buy it. The rest of the cost is usually paid over a period of time: make/put a down payment on sth I've put a down payment on a new TV.
(Definition of down payment noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of down payment

Definitions of “down payment” in other dictionaries

Word of the Day

handout

a document given to students or reporters which contains information about a particular subject

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More