Down payment definition

Down payment

Topics Down payment Definition

WordNet

(1) A partial payment made at the time of purchase; the balance to be paid later

WiktionaryText

A payment representing a fraction of the price of something being purchased, made to secure the right to continue making payments towards that purchase.
- 2009 April 4, Barack Obama, NATO summit
  
  These commitments of troops, trainers, and civilians represent a strong down payment on the future of our mission in Afghanistan and on the future of NATO