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Downpayments
A payment representing a fraction of the price of something being purchased, made to secure the right to continue making payments towards that purchase.
📖 Definitions of "Downpayments"
noun
- 1
A payment representing a fraction of the price of something being purchased, made to secure the right to continue making payments towards that purchase.
- 2
(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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