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 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.
Examples of Down payment in a sentence
Down payment: refers to the amount made available by the Lessee to the Lessor under the conditions agreed in the original Lease Agreement Amendment: refers to this deed concluded between the Lessor and the Lessee Financial Expenses: refers to amounts owed by the Lessee for pre-rental fees, rent, and other charges, as specified in Chapter III of PART II.
More Definitions of Down payment
Down payment means all partial payments, whether made in
Down payment means, with respect to a Receivable, the percentage equivalent of a fraction the numerator of which is the amount of any cash payment made by the related Obligor at the time of origination of such Receivable in connection with its purchase of the related Financed Vehicle and the denominator of which is the book value of such Financed Vehicle at the date of underwriting, where such book value is the selling price as determined in accordance with the Credit and Collection Policy.
Down payment shall have the meaning given in Section 3.1 of the Supply Agreement.
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 has the meaning set forth in Section 2.2.
Down payment means that portion of the purchase price of the property that is not financed by any other loan.
Down payment means the down payment paid or trade-in contribution made by the Hirer as specified in Part II of Schedule 3;