down payment

The portion of a purchase price paid in cash (or its equivalent) at the time the sale agreement is executed. Cf. BINDER(2); EARNEST MONEY. [Cases: Vendor and Purchaser 69.1, 334(1). C.J.S. Vendor and Purchaser §§ 135, 137–138, 640, 642–644, 648.]

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词条贡献者

译者晓晨，毕业于世界顶级翻译学院，擅长翻译各种与反垄断咨询与合规相关的法律文件。