Down Payment is the difference between the purchase price and that portion of the purchase price being financed. Most lenders require the down payment to be paid from the buyer's own funds. Gifts from related parties are sometimes acceptable, and must be disclosed to the lender.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). down payment. Retrieved September 20, 2026, from http://smartdefine.org/down_payment/definitions/1152406 |
| Chicago | Barry Goldsmith. 2010. "down payment" http://smartdefine.org/down_payment/definitions/1152406 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, down payment, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/down_payment/definitions/1152406>. |
| MLA | Barry Goldsmith. "down payment" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/down_payment/definitions/1152406> |