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Meaning of “down payment” in the 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)
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