down payment Meaning and Definition
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English Translation for down payment
down payment
نیچے ادائیگی
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English definition for down payment
1. n. a partial payment made at the time of purchase; the balance to be paid later
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Down payment (or downpayment) is a payment used in the context of the purchase of expensive items such as a car and a house, whereby the payment is the initial upfront portion of the total amount due and it is usually given in cash at the time of finalizing the transaction.
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