Sorry, no online dictionaries contain the exact phrase initial payment.
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Reverse dictionary results:
1. down payment
 2. deposit
3. installment
4. advance
5. upfront payment
6. advance payment
7. agist
8. buy
9. capitalize
10. cash out
 11. charge
12. finance
13. fund
14. invest
15. lever
16. liquidation
17. option
18. pay
19. payable
20. paycheck
 21. payee
22. payment
23. payout
24. payroll
25. payslip
26. prest
27. price
28. purchase
29. single supplement
30. trade-in
 31. tribute
32. yield
33. allowance
34. below the line
35. borrow
36. budget
37. buy in
38. charge off
39. chargeable

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You can look up the words in the phrase individually using these links:   initial ?   payment ?
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