Grow Your Legal Practice
Meet the Editors
Grow Your Legal Practice
Shop By Products
Find a Lawyer
Legal Articles
Accidents & Injuries
Bankruptcy
Business Formation: LLCs & Corporations
Car Accidents
COVID-19: Laws and Your Rights
Criminal Law
Debt Management
Disability Law
Divorce & Family Law
DUI / DWI & Traffic Tickets
Employment Law
Foreclosure
Immigration
Landlords
LGBT Law
Nonprofits
Patent, Copyright & Trademark
Personal Finance
Real Estate
Small Business
Small Claims Court & Lawsuits
Social Security & Retirement
Tenants
Taxes
Wills, Trusts & Probate
Workers' Compensation
Talk to a Lawyer
Sign In
All
DIY Products
Lawyers
Articles
Issue:
Near:
Dictionary
D
Down Payment Definition
Down Payment
A lump sum cash payment paid by a buyer when he or she purchases a major piece of property, such as a car or house. The buyer typically takes out a loan for the balance remaining, and pays it off in monthly installments over time.