down payment

(redirected from Down-Payments)
Also found in: Dictionary, Thesaurus, Legal, Financial.

down payment

the deposit paid on an item purchased on hire-purchase, mortgage, etc.
Mentioned in ?
References in periodicals archive ?
Based on the success of that program with Moinian and in the industry overall, American Express is expanding its program to enable cardmembers to enjoy the convenience and rewards of paying for condominium down-payments on the American Express[R] Card.
"Down-payments on the Card bring the convenience and rewards to an entirely new level."
China Construction Bank Corporation (CCB) (HKG: 0939) (601939.SS) (OTC: CICHF.PK), China's largest mortgage lender by assets, has allowed its branches to raise the minimum down-payment and mortgage rates for first-time home buyers in regions with high property prices, Dow Jones has reported, citing an official at the bank.