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“Down Payment”: What It Is and How To Spell It

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We’ll review how to spell “down payment” and what it means.

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Don’t know what a down payment is? We’ll tell you.
Downpayment, down-payment
Down payment

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).

Lily is saving up to put a down payment on a new house.
When Alex couldn’t afford a down payment on the motorcycle, we gifted it to him on his birthday.
The realtor informed us that we’d have to pay 10% as a down payment.
Remeber: Down Payment—several payment and several words.
Remember: “Down payment” consists of multiple payments and multiple words. 

Synonyms of “Down Payment”

Words with similar meanings that can sometimes be used in place of down payment are:

  1. Deposit
  2. Prepayment
  3. Installment

Sometimes when taking out a loan to buy a house, many formal documents are needed. Make sure your writing is error-free with LanguageTool—a multilingual text editor that can detect spelling and grammar mistakes.


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