MLchartDataset catalogue

Down payment

Term · Law · MLC-T-LAW-001749

An initial partial payment made at the time of purchase, with the remaining balance to be paid later. This payment reduces the amount of financing required and demonstrates the buyer's commitment to the transaction. It is a common requirement in real estate, vehicle, and other large-item purchases, often expressed as a percentage of the total price.

Table 1. Record
IdentifierMLC-T-LAW-001749
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001749",
  "term": "Down payment",
  "field": "Law",
  "definition": "An initial partial payment made at the time of purchase, with the remaining balance to be paid later. This payment reduces the amount of financing required and demonstrates the buyer's commitment to the transaction. It is a common requirement in real estate, vehicle, and other large-item purchases, often expressed as a percentage of the total price.",
  "url": "https://mlchart.com/terminology/law/down-payment/"
}

Record 1,631 of 5,441 in Law terminology (MLC-0107). Request the full dataset.