What does down payment mean?
An initial upfront payment made when purchasing an expensive asset or property on credit, representing a portion of the total cost.
Example: "We saved for three years to afford a twenty percent down payment on our new home."
What is the typical down payment required for a home loan in most cities?
Typically, financial institutions require a down payment of ten to twenty percent of the total property value.
What does down payment mean in Urdu?
down payment meaning in Urdu is پیشگی ادائیگی (peshgi adayigi) — Commonly used in Pakistani property and auto lease agreements.
What does down payment mean in Arabic?
down payment meaning in Arabic is دفعة مقدمة — Essential term for real estate transactions in Arab states.
What does down payment mean in Persian?
down payment meaning in Persian is پیش پرداخت — Standard term for buying goods on installment in Iran.
What does down payment mean in Hindi?
down payment meaning in Hindi is अग्रिम भुगतान — Used frequently in vehicle loans and home purchases across India.
What does down payment mean in Turkish?
down payment meaning in Turkish is peşinat — Commonly required when leasing property or buying cars in Turkey.
What does down payment mean in Bangla?
down payment meaning in Bangla is ডাউন পেমেন্ট — Used widely in Bangladeshi banking and home loan structures.
What does down payment mean in Nepali?
down payment meaning in Nepali is बैना रकम — Used when purchasing vehicles or land in Nepal.
What is a synonym for down payment?
Common synonyms for down payment include deposit and upfront payment.
Browse more money and banking words in the Rehbaro Dictionary, or return to the full dictionary.
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