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Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?
Mark Zandi

Meaning of "down payment" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF DOWN PAYMENT

down payment play
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GRAMMATICAL CATEGORY OF DOWN PAYMENT

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Down payment is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES DOWN PAYMENT MEAN IN ENGLISH?

Down payment

Down payment is a payment used in the context of the purchase of expensive items such as a car and a house, whereby the payment is the initial upfront portion of the total amount due and it is usually given in cash at the time of finalizing the transaction. A loan or the amount in cash is then required to make the full payment. The main purposes of a down payment are to ensure that the lending institution has enough capital to create money for a loan in fractional reserve banking systems and to recover some of the balance due on the loan in the event that the borrower defaults. In real estate, the asset is used as collateral in order to secure the loan against default. If the borrower fails to repay the loan, the lender is legally entitled to sell the asset and retain a portion of the proceeds sufficient to cover the remaining balance on the loan, including fees and interest added. A down payment in this case reduces the lender's risk to less than the value of the collateral, making it more likely that the lender will recover the full amount in the event of default.

Definition of down payment in the English dictionary

The definition of down payment in the dictionary is the deposit paid on an item purchased on hire-purchase, mortgage, etc.

WORDS THAT BEGIN LIKE DOWN PAYMENT

down
down and dirty
down at heel
down in the mouth
down on one´s luck
down the drain
down the hatch
down to
down under
down with
down-and-out
down-at-heel
down-bow
down-cycle
down-home
down-in-the-mouth
down-market
down-river
down-to-earth

WORDS THAT END LIKE DOWN PAYMENT

advance payment
advertisement
balloon payment
debt repayment
deployment
employment
enjoyment
loan repayment
method of payment
mortgage payment
natural rate of unemployment
overpayment
payment
prepayment
re-employment
repayment
self-employment
stop payment
transfer payment
underpayment
unemployment

Synonyms and antonyms of down payment in the English dictionary of synonyms

SYNONYMS

SYNONYMS OF «DOWN PAYMENT»

The following words have a similar or identical meaning as «down payment» and belong to the same grammatical category.
synonyms of down payment

Translation of «down payment» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF DOWN PAYMENT

Find out the translation of down payment to 25 languages with our English multilingual translator.
The translations of down payment from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «down payment» in English.

Translator English - Chinese

首付款
1,325 millions of speakers

Translator English - Spanish

entrada
570 millions of speakers

English

down payment
510 millions of speakers

Translator English - Hindi

अग्रिम भुगतान
380 millions of speakers
ar

Translator English - Arabic

الدفعة الأولى
280 millions of speakers

Translator English - Russian

первоначальный взнос
278 millions of speakers

Translator English - Portuguese

entrada
270 millions of speakers

Translator English - Bengali

নিচে পেমেন্ট
260 millions of speakers

Translator English - French

acompte
220 millions of speakers

Translator English - Malay

Bayaran pendahuluan
190 millions of speakers

Translator English - German

Anzahlung
180 millions of speakers

Translator English - Japanese

頭金
130 millions of speakers

Translator English - Korean

계약금
85 millions of speakers

Translator English - Javanese

Mudhun pembayaran
85 millions of speakers
vi

Translator English - Vietnamese

tiền đặt cọc
80 millions of speakers

Translator English - Tamil

கட்டணம் செலுத்துதல்
75 millions of speakers

Translator English - Marathi

डाउन पेमेंट
75 millions of speakers

Translator English - Turkish

peşinat
70 millions of speakers

Translator English - Italian

acconto
65 millions of speakers

Translator English - Polish

zaliczka
50 millions of speakers

Translator English - Ukrainian

початковий внесок
40 millions of speakers

Translator English - Romanian

plată în jos
30 millions of speakers
el

Translator English - Greek

προκαταβολή
15 millions of speakers
af

Translator English - Afrikaans

down betaling
14 millions of speakers
sv

Translator English - Swedish

handpenning
10 millions of speakers
no

Translator English - Norwegian

forskuddsbetaling
5 millions of speakers

Trends of use of down payment

TRENDS

TENDENCIES OF USE OF THE TERM «DOWN PAYMENT»

The term «down payment» is very widely used and occupies the 15.621 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Very widely used
93
/100
The map shown above gives the frequency of use of the term «down payment» in the different countries.
Principal search tendencies and common uses of down payment
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «down payment».

FREQUENCY OF USE OF THE TERM «DOWN PAYMENT» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «down payment» during the past 500 years. Its implementation is based on analysing how often the term «down payment» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about down payment

EXAMPLES

7 QUOTES WITH «DOWN PAYMENT»

Famous quotes and sentences with the word down payment.
1
Jacob Lew
We cannot win the future, expand the economy and spur job creation if we are saddled with increasingly growing deficits. That is why the president's budget is a comprehensive and responsible plan that will put us on a path toward fiscal sustainability in the next few years - a down payment toward tackling our challenges in the long term.
2
Dave Obey
This country owes them all a debt of gratitude. The down payment on that debt is making sure that we live up to Lincoln's charge: to care for him who shall have borne the battle, and for his widow, and his orphan.
3
Cedric Richmond
In D.C., I've passed amendments to allocate $6.3 million to keep our waterways open for business, $1 million as a down payment on our wetland restoration - our natural storm protection - and $5 million to ensure that drilling permits are reviewed thoroughly and efficiently.
4
Tom Selleck
To me, the excitement is in ordering a fine shotgun, going through the process that everybody who has bought one has gone through for 100 years. You order it, you make a significant down payment, and then you wait three or four years for the gun to be custom-made for you.
5
John Sununu
Households and businesses cut expenses every day. Passing a financial down payment alongside the debt limit sends the right message to the public, and gives members of Congress greater comfort, or cover, depending on your perspective.
6
David Thewlis
Well I am afraid that I am going to die, because I have just put a down payment on a house.
7
Mark Zandi
Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?

10 ENGLISH BOOKS RELATING TO «DOWN PAYMENT»

Discover the use of down payment in the following bibliographical selection. Books relating to down payment and brief extracts from same to provide context of its use in English literature.
1
How to Buy Real Estate Without a Down Payment in Any Market: ...
Buying. Real. Estate. Without. a. Down. Payment. 1. M. any people each year continue to throw money away on rent when they could be enjoying the benefits of home ownership. Would-be investors never take the leap of faith and cross over ...
Susan Smith Alvis, 2006
2
How to Buy a House with No (or Little) Money Down
8 BORROW THE DOWN PAYMENT FROM FAMILY OR FRIENDS The prices of homes, particularly neW homes, have soared in recent years. For many young couples or others attempting to enter the hous— ing market for the first time, the ...
Martin M. Shenkman, Warren Boroson, 2002
3
Small Business For Dummies
To purchase a business, as in purchasing real estate, you generally must make a significant down payment on the negotiated purchase price. In most cases, you need to put down at least 25 to 30 percent of the total purchase price. Bankers ...
Eric Tyson, Jim Schell, 2011
4
Mortgage Financing: Seller-Funded Down-Payment Assistance ...
Purchase Loans with Seller-Funded Down- Payment Assistance Have Become a Substantial Part of FHA's Portfolio and Are More Prevalent in Areas with Lower House Price Appreciation Loans with down-payment assistance have come to ...
5
Contemporary Mathematics for Business and Consumers
Robert Brechner. cash or purchase price Price paid for goods and services without the use of financing. cash or purchase price Price paid for goods and services without the use of financing. amount financed After the down payment, the ...
Robert Brechner, 2008
6
How to Buy a Home with a Low Down Payment
Mortgage Insurance Companies of America. QUALIFYING FOR A LOW DOWN PAYMENT LOAN Qualifying for a low down payment loan is much like applying for a regular loan. To be considered for a low down payment loan, you generally  ...
Mortgage Insurance Companies of America, 2011
7
Timeshare Vacations For Dummies
Payment. Many timeshare salespersons show (offer) an initial down payment of 20%. In most cases, however, the standard industry down payment is 10% — and in some cases even lower. So always be sure to ask whether the down payment  ...
Lisa Ann Schreier, 2005
8
Mathematics: Its Power and Utility
suggest making as small a down payment as is allowed. You will have to assess many factors, such as your tax bracket and your investment potential, to determine how large a down payment you should make. EXAMPLE 3 Comparing the ...
Karl Smith, 2008
9
Ultimate Guide to Buying Or Selling a Business
The fact is, the more buyers are willing to put down in cash—whether in the form of a large down payment or the entire purchase price—the larger the concession they will expect in the purchase price. The negative side of a cash sale for the ...
Ira Nottonson, 2004
10
Home Buying Kit For Dummies
Unfortunately, after he found his dream home, he soon discovered all the loan- documentation requirements and the extra fees and penalties he would have to pay for having such a small down payment. Ultimately, he couldn't afford to buy the ...
Eric Tyson, Ray Brown, 2012

10 NEWS ITEMS WHICH INCLUDE THE TERM «DOWN PAYMENT»

Find out what the national and international press are talking about and how the term down payment is used in the context of the following news items.
1
How long it takes for a down payment, and how a college degree …
In 30 of the top 100 markets in the country, saving for a 20% down payment is faster without a college degree, according to a new study from ... «KHON2, Jul 15»
2
Rise in tax thresholds are a 'down payment' on Tory election promises
George Osborne labelled the measures a “down payment” on the Tories' manifesto pledges to increase the tax-free personal allowance to ... «The Times, Jul 15»
3
Harsh reality for young homebuyers
... gap is closed enough for such a large down payment. That's because Trulia projects that incomes will ultimately rise faster than home prices, ... «U-T San Diego, Jul 15»
4
New York Fed: Down Payment Size Key Factor in Housing Demand
The size of a down payment is much more significant than the interest rate in determining how much more someone is willing to pay for a house ... «ABA Banking Journal, Jul 15»
5
Report: In Miami, saving for a home down payment could take 12 to …
“Fewer and fewer younger folks have enough capital to muscle up a down payment,” said Mitchell Friedman, a partner at Miami-based ... «Miami Herald, Jul 15»
6
City offers interest-free down payment loans to low-, moderate …
To qualify, applicants must provide five-percent of the purchase price as down payment and complete an approved homeownership course. «KHON2, Jul 15»
7
Evergreen Terrace Issue Takes "Chicken or the Egg" Theme
That's when the City of Joliet needs to make their first down payment on the purchase of Evergreen Terrace, if indeed the purchase is going to happen. Back in ... «1340 WJOL, Jul 15»
8
Can a Down Payment Be Too Big?
This means calculating your potential monthly mortgage in addition to considering how large of a down payment to make. But once you've ... «STLtoday.com, Jul 15»
9
No down payment? A new program could help
With more than a $5,000 down-payment grant from the Arizona Housing Finance Authority's Home Plus program, the Belmontes were able to ... «azcentral.com, Jul 15»
10
Michigan Chevy store wins dispute with customer over $10000 …
A suburban Detroit Chevrolet dealership is entitled to the $10,000 down payment it failed to collect from a customer on a vehicle sale, but it ... «Automotive News, Jul 15»

REFERENCE
« EDUCALINGO. Down payment [online]. Available <https://educalingo.com/en/dic-en/down-payment>. May 2024 ».
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