down payment - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “down payment”

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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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