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Home > QFINANCE Dictionary > Definition of down payment

Definition of

down payment

Finance

partial payment at time of purchase a part of the full price of something paid at the time it is bought, with the remaining part to be paid later

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Definitions of ’down payment’ and meaning of ’down payment’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’down payment’ and other financial terms with our online QFINANCE Financial Dictionary.

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