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down payment
(redirected from down payments)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.03 sec.
down payment
the deposit paid on an item purchased on hire-purchase, mortgage, etc.


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5%, and mortgages that feature no down payments, no closing costs, and no application fees.
The loan program, custom designed by ProPartners Financial (PPF), includes minimal down payments, flexible financing options and schedules, based on the seasonality of farming operations and use of Krause products.
Kleinhenz notes that the qualifying ratio is more than 30 percent in lots of instances today, trade-up buyers are able to make substantial down payments and there are a variety of loan products available.
 
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