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down payment |
Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia | 0.03 sec. |
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down payment the deposit paid on an item purchased on hire-purchase, mortgage, etc. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| From down payment assistance plans to credit workshops, home buying initiatives are sprouting up everywhere. IT entrepreneur, Siva Tayi, has just made real estate history--by using his credit card to plop down a $240,000 down payment for his new condo at The Monian Group's brand new Atelier on the Far West Side. With VA guaranteeing a portion of the loan, veterans can receive a competitive interest rate without making a down payment, making it easier to buy a home. |
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