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Down Payment |
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A percentage of the total purchase price of an item that is proffered when the item is bought on credit. In an installment sales agreement, a buyer is required to pay part of the total price, usually in cash, and later pays the balance through a number of regularly scheduled payments. A down payment is sometimes known as earnest money, or a sum of money that a buyer pays upon entering a contract to indicate a Good Faith intention as well as an ability to pay the balance. |
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In addition, buyers may be eligible for downpayment and closing cost assistance through the HMFA's Smart Start Program. 51% Security deposit (refunded at end of lease; escrowed at discount rate) $5,100,000 $5,100,000 Rental information: Total number of monthly rental payments 120 60 Monthly rental income before sales/use tax $466,653 $597,721 Downpayment $5,100,000 $5,100,000 Security deposit (refunded at end of rental period; escrowed at discount rate) $5,100,000 $5, 100,000 Percentage ownership in aircraft 33. Sam Zell's Equity Office Properties Trust hasmade a $4 million nonrefundable downpayment toward becoming a major equity partner in the Frank Gehry-designed studio office campus at Playa Vista, according to sources close to the deal. |
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Downpayment
