down payment Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “down payment” in the English Dictionary

"down payment" in British English

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down paymentnoun [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 ​totalcost 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 Learner’s Dictionary & Thesaurus © Cambridge University Press)

"down payment" in American English

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down paymentnoun [C]

 us   /ˈdɑʊn ˈpeɪ·mənt/
an ​amount of ​money that is ​part of the ​totalcost, ​paid at the ​time when you ​buy something
(Definition of down payment from the Cambridge Academic Content Dictionary © Cambridge University Press)

"down payment" in Business English

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down paymentnoun [C]

uk   us  
COMMERCE a ​payment of ​part of the ​totalcost 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 from the Cambridge Business English Dictionary © Cambridge University Press)
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