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down payment
(redirected from Downpayment)

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
down payment
the deposit paid on an item purchased on hire-purchase, mortgage, etc.


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In addition, buyers may be eligible for downpayment and closing cost assistance through the HMFA's Smart Start Program.
51% Security deposit (refunded at end of lease; escrowed at discount rate) $5,100,000 $5,100,000 Rental information: Total number of monthly rental payments 120 60 Monthly rental income before sales/use tax $466,653 $597,721 Downpayment $5,100,000 $5,100,000 Security deposit (refunded at end of rental period; escrowed at discount rate) $5,100,000 $5, 100,000 Percentage ownership in aircraft 33.
Sam Zell's Equity Office Properties Trust hasmade a $4 million nonrefundable downpayment toward becoming a major equity partner in the Frank Gehry-designed studio office campus at Playa Vista, according to sources close to the deal.
 
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