Down Payment
An initial payment made when purchasing an asset with borrowed money. Down Payments are usually 10-20% of the purchase price of the asset, with the remaining 80-90% of the purchase price paid for with borrowed money.
Down Payment
An initial payment made when purchasing an asset with borrowed money. Down Payments are usually 10-20% of the purchase price of the asset, with the remaining 80-90% of the purchase price paid for with borrowed money.