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What is a downpayment?

What is a downpayment? Here are some definitions.

Noun
  1. Alternative form of down payment
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Examples
The grants funding may be used for downpayment and closing cost assistance, homebuyer counseling and rehabilitation costs associated with buying a home.
Eighty-three percent financed with a mortgage and made a median downpayment of 22 percent.
Under this program, the government guarantees 25 percent of the mortgage loan amount, enabling veterans to borrow up to four times the guaranty with no downpayment.
Tell us how much you make, how much you've got for a downpayment, and your debt, and find out how far to stretch when home hunting.
We are extremely disappointed and astonished by the full Senate's decision to ban privately-funded downpayment assistance programs through the passage of its Housing Bill.
How small a downpayment would they like buyers to qualify with?

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