Usually means: Initial payment for large purchase.
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We found 11 dictionaries that define the word downpayment:

General (5 matching dictionaries)
  1. Downpayment, downpayment: Wordnik
  2. downpayment: Cambridge Advanced Learner's Dictionary
  3. downpayment: Wiktionary
  4. downpayment: Dictionary.com
  5. Downpayment: Wikipedia, the Free Encyclopedia

Business (5 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. Downpayment: Legal dictionary
  3. Downpayment: Financial dictionary
  4. BusinessDictionary.com (No longer online)
  5. Downpayment: WashingtonPost.com: Business

Computing (1 matching dictionary)
  1. Downpayment: Encyclopedia

Definitions from Wiktionary (Downpayment)

noun:  Alternative form of down payment [(law, finance) A payment representing a fraction of the price of something being purchased, made to secure the right to continue making payments towards that purchase.]

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