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What is a down payment? I need specific clarifications.

What is a down payment? I need specific clarifications.
asked 76.2k views
23 votes
What is a down payment?
I need specific clarifications.

asked
User Shak Ham
by
7.7k points

1 Answer

3 votes

Answer:

A down payment is a portion of the purchase price that reduces the loan amount.

Explanation:

Hope it helps you<3

answered
User Iaretiga
by
7.8k points
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