Respuesta :
Answer:
A down payment is an initial up-front partial payment for the purchase of an expensive item/service, such as a car or a house. It is usually paid in cash or equivalent at the time of finalizing the transaction
Step-by-step explanation:
Down payment, is an initial up-front partial payment for the purchase of expensive items/services such as a car or a house. It is usually paid in cash or equivalent at the time of finalizing the transaction. A loan of some sort is then required to finance the remainder of the payment.