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Downpayment

💡 Words with a Similar Meaning to "Downpayment"

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WordDefinition
downpaymentsnounAlternative form of down payment. [(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.]
mortgagenoun(law, real estate) A legal agreement in which a borrower pledges real property as collateral for a loan used to purchase or refinance that property.
depositnoun(banking) Money placed in a bank account, as for safekeeping or to earn interest.
loannoun(law, banking, finance) A sum of money or other property that a natural or legal person borrows from another with the condition that it be returned or repaid over time or at a later date (sometimes with interest).
paymentnoun(countable) An instance of that act; a sum of money paid in exchange for goods or services, or the transaction that conveys it.
cashnoun(uncountable) Money in the form of notes or bills and coins, as opposed to checks, credit or electronic transactions.
mortagenounMisspelling of mortgage. [(law, real estate) A legal agreement in which a borrower pledges real property as collateral for a loan used to purchase or refinance that property.]
helocnoun(finance) Acronym of home equity line of credit.
buydownnoun(mortgage finance) A payment by a third-party to a lender to reduce some of all of the payments otherwise required, especially in first few years of the loan, thereby enhancing the apparent quality of the loan.
repaymentnounThe act of repaying.
savingsnouna fund of money put by as a reserve
loansnoun(law, banking, finance) A sum of money or other property that a natural or legal person borrows from another with the condition that it be returned or repaid over time or at a later date (sometimes with interest).
financingnoun(finance, business) A transaction that provides funds for a business.
paymentsnoun(countable) An instance of that act; a sum of money paid in exchange for goods or services, or the transaction that conveys it.
moolahnounAlternative spelling of moola (“money”). [(informal) Money, cash.]
mortgagesnoun(law, real estate) A legal agreement in which a borrower pledges real property as collateral for a loan used to purchase or refinance that property.
rebatenounA deduction from an amount that is paid; an abatement.
paychecknoun(US) A periodic payment, usually in the form of a paper check, received by an employee from an employer for work performed.
outlaynounThe spending of money, or an expenditure.
homeownershipnounThe state of being a homeowner.

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