An initial, lump sum cash payment paid by a purchaser of real estate or property of significant value that will likely be financed, such as a home or a truck. The buyer usually takes out a loan and pays monthly installments.
An initial, lump sum cash payment paid by a purchaser of real estate or property of significant value that will likely be financed, such as a home or a truck. The buyer usually takes out a loan and pays monthly installments.