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
Client will be billed in 9 monthly installments as follows: Down payment: $31,100.00 due on August 15, 2023.
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 has the meaning set forth in Section .
Down payment means all partial payments, whether made in
Down payment shall have the meaning given in Section 3.1 of the Supply Agreement.
Down payment shall have the meaning set forth in Section 4.1 (Down Payment).
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. [PL 1983, c. 368 (NEW).]