Meaning of the word "initial payment" in English
What does "initial payment" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
initial payment
US /ɪˈnɪʃ.əl ˈpeɪ.mənt/
UK /ɪˈnɪʃ.əl ˈpeɪ.mənt/
Noun
the first payment made when buying something on credit or in installments
Example:
•
We had to make an initial payment of 10% of the car's price.
•
The contract requires an initial payment before services begin.
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