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.
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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