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

• Down payment assistance from excise tax and can only be used toward a person’s down payment assistance loan by the HFC.

• Down payment of $0.10/gal ($200) has been sent with signed contract.Miscellaneous magazines and local newsletters received.Communications to the Board Nothing at this timeTown Permit Application determinationsFire Sign Application received from Mark & Lisa Stemper.

• Down Payment and Cash Required to Close: • Down payment is required when the VA Guaranty does not equal 25% of the lesser of the sales price of Notice of Value (NOV).

• Xxxxxx, X.X., LL.M., CPA, on page 173 lists the following as items deacons may include in their housing allowance calculation: o Down payment on a home ▪ Mortgage payments on a loan to purchase or improve your home (include both principal and interest).

• Down payment in the amount of 40 % of agreement price is acceptable.

More Definitions of Down payment

Down payment has the meaning set forth in Section 2.2.

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 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. [PL 1983, c. 368 (NEW).]

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

Down payment shall have the meaning set forth in Section 4.1 (Down Payment).