Meaning of “down payment” in the English Dictionary

business-english dictionary

"down payment" in British English

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down paymentnoun [ C ]

also downpayment uk /ˌdaʊn ˈpeɪ.mənt/ us /ˌdaʊn ˈpeɪ.mənt/

(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 total cost, 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 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” from the Cambridge Business English Dictionary © Cambridge University Press)