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down payments (0 synonym found)
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Definition of down payments:
(n) :
(law, finance) A payment representing a fraction of the price of something being purchased, made to secure the right to continue making payments towards that purchase.
(n) :
(by extension) Any initial commitment signifying an intention to carry out a larger future commitment, even though no legal rights or obligations are secured.
Definition of down payments:
(n) :
(law, finance) A payment representing a fraction of the price of something being purchased, made to secure the right to continue making payments towards that purchase.
(n) :
(by extension) Any initial commitment signifying an intention to carry out a larger future commitment, even though no legal rights or obligations are secured.
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