Down payment definition

Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

Down payment means the amounts paid in money and in goods to the home improvement contractor and allowances given by the home improvement contractor to the buyer prior to or contemporaneous with the execution of a home improvement installment contract.

Down payment means (i) a cash contribution made by the Borrower, either prior to or at the time the Loan is Closed, from the Borrower's Own Fund's towards the purchase price of the Property, or (ii) a verifiable equity in the Property vested in the Borrower only, after completion of the improvements in accordance with the Original Appraisal.

Examples of Down payment in a sentence

• Financing personal or living expenses and working capital to purchase such items as feed, seed, fertilizer, fuel, and feeder livestock.c. Down payment funds for contract sale.

• Down payment for a contract sale, or in connection with a loan from a nonregulated lender.44.5(5) Program parameters.a. Purchase price impact.

• Contract PaymentsThe Program offers a variety of payment options, including thefollowing: • Lump Sum;• 5-year installment plans paid monthly or annually;• Extended installment plans of 6 to 15 years, depending on age, paid monthly or annually; and• Down payment options are available for monthly installment plans.

• Upon receipt of the Draw Down payment, the Company shall deliver the Shares to the Purchaser in accordance with any instructions from the Purchaser.

• Down payment assistance is used in conjunction with the Step Up Program only as a second mortgage.

More Definitions of Down payment

Down payment means an amount, including the value of any property used as a trade-in, paid to a seller to reduce the cash price of a motor vehicle purchased under a consumer credit sale.

Down payment means all partial payments, whether made in

Down payment has the meaning set forth in Section .

Down payment shall have the meaning given in Section 3.1 of the Supply Agreement.

Down payment means that portion of the purchase price of the property that is not financed by any other loan.

Down payment means the payment made by the purchaser to the vendor on account of the purchase price at or before the time of the execution of a land installment contract.

Down payment means the down payment paid or trade-in contribution made by the Hirer as specified in Part II of Schedule 3;