What is down payment with regard to buying a house?

A. a part of the purchase price paid in installments
B. a part of the purchase price paid in cash
C. an interest on the purchase price

Question

What is down payment with regard to buying a house? 

A. a part of the purchase price paid in installments
B. a part of the purchase price paid in cash
C. an interest on the purchase price

anonymous · Answer

what do you think the answer is.

firejay5 · Answer

I think the answer is C, because your have to pay interest on the purchase price when buying a house

anonymous · Answer

http://en.wikipedia.org/wiki/Down_payment read the first paragraph of this and then tell me what you think the answer is.

firejay5 · Answer

A

anonymous · Answer

Down payment (or downpayment) is a payment used in the context of the purchase of expensive items such as a car and a house, whereby the payment is the initial upfront portion of the total amount due and it is usually given in cash at the time of finalizing the transaction.[1] A loan or the amount in cash is then required to make the full payment.

anonymous · Answer

payment is the initial upfront portion of the total amount due and it is usually given in cash