Welcome to the 1520 Perfect Dictionary
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| Down payment | |
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| DOWN PAYMENT Definition: A sum of money that is given as the first part of a larger payment. ______________________________________________________________________ * All eleven elements should be in. 1. Purposeful and considered necessary to make a part payment. 2. Thing being partly paid for is known: specific and identifiable. 3. There is/are known condition(s) attached to payment. 4. Balance outstanding is exact in figures, not in a percentage. 5. Payment is made with genuine money/financial instrument. 6. Payment is acknowledged as received. That is, a confirmation is issued, that part of a total has been received, by recipient/receiver. 7. What is paid for in part is not received or used before the full payment is made. 8. Balance will eventually be paid as in the agreement. Or refund will be claimed in the end (if applicable). (Connect to #3.) 9. Value of currency is not greatly affected by the time balance is paid, as a result of deflation, devaluation, etc. 10. Money's worth or value for money will be obtained from product or service, on its use or acquisition. 11. (Reserved.) (Money paid is not used by the recipient to generate an income, except ... .) (To emphasize.) ___________________________ See perfect DEPOSIT (1). | |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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