Down payment

The part of the Purchase price Paid in Cash up front, reducing the amount of the Loan or Mortgage.

Related Terms: 5 Cash, Loan, Mortgage, Purchase, Paid

Other Related Pages: Category: Real_Estate Starting With: D

Additional Related Terms: Above par, Accrual of discount, Amortization of premium, Asked price, Asking price, At par, All or any part, Adjusted futures price, Add-on service, Abstract of title