What is Down payment?
A '''down payment''' is the amount that being paid first at the beginning of any [[business]] [[transaction]] and settle the remaining [[payment]] through installments. This payment is made so that the [[buyer]] or [[customer]] can own the [[Good (economics)|goods]] being sold or for the case of ordering in a [[factory]] (for highly-customized goods), the goods can be put into the [[production line]] and start to be produced first.<ref>{{cite web|url=https://www.bankrate.com/finance/mortgages/down-payment-1.aspx|title=What Is A Down Payment On A Home? - Bankrate.com|first=Natalie|last=Campisi|website=Bankrate}}</ref> How much a customer needs to pay for the down payment is different in each [[country]] and each business type. The amount of down payment and the remaining payment are usually agreed upon at the time of making the purchase or order.. ==References== {{reflist}} {{stub}} [[Category:Business]]