down payment — an initial payment made when something is bought on credit, with the balance to be paid later
Part of speech: NOUN
Definition: an initial payment made when something is bought on credit, with the balance to be paid later
Pronunciation (IPA): /daʊn ˈpeɪmənt/
Korean meaning: 외상이나 할부로 물건을 살 때 처음에 내는 돈, 계약금
Korean pronunciation: 다운 **페이**먼트
Example Sentences
- He spent his entire lottery winnings as a down payment on a mansion, then realized he couldn't afford the monthly payments.
- The bank requires a 20% down payment for the mortgage loan.
- She used her wedding gift money as a down payment on a food truck, much to her mother-in-law's horror.
down payment
NOUN//daʊn ˈpeɪmənt//
an initial payment made when something is bought on credit, with the balance to be paid later
Customer makes down payment to secure the new red car
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Start for Free🎤Pronunciation
🌳Etymology
Origin
down(아래로, 즉시)과 payment(지불)가 합쳐진 표현으로, '즉시 내려놓는 돈'이라는 의미에서 계약금을 뜻하게 되었습니다.
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Start for Free🎵Rhyme
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Start for Free📝Examples
“He spent his entire lottery winnings as a down payment on a mansion, then realized he couldn't afford the monthly payments.”
“The bank requires a 20% down payment for the mortgage loan.”
“She used her wedding gift money as a down payment on a food truck, much to her mother-in-law's horror.”
“First-time homebuyers often struggle to save enough for a down payment.”
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