asked 224k views
15 votes
Money you pay up front to reduce the amount you will owe is called a

A. fixed loan
B. late payment
C. down payment
D. short-term loan

asked
User Ching
by
7.6k points

2 Answers

7 votes

Answer:

down payment

Step-by-step explanation:

answered
User JHeni
by
8.6k points
6 votes

Answer:

down payment

Step-by-step explanation:

A down payment is money paid upfront in a financial transaction, such as the purchase of a home or car. Buyers often take out loans to finance the remainder of the purchase price.

answered
User Osama Yaccoub
by
9.2k points

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