“Down Payment”: What It Is and How To Spell It
Table of contents
Spelling “Down Payment”
The correct spelling of down payment is always as two words, never as one:
- downpayment
- down-payment
A down payment is “a payment representing a fraction of the price of something being purchased.” For example, when someone buys a car or a house, they usually have to pay a down payment (unless they’re buying it with cash, of course).
Synonyms of “Down Payment”
Words with similar meanings that can sometimes be used in place of down payment are:
- Deposit
- Prepayment
- Installment
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