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down payment

Definitions of down payment
  1. noun
    a partial payment made at the time of purchase; the balance to be paid later
    synonyms: deposit
    see moresee less
    types:
    margin, security deposit
    the amount of collateral a customer deposits with a broker when borrowing from the broker to buy securities
    type of:
    payment
    a sum of money paid or a claim discharged
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