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Prepayment vs Downpayment - What's the difference?

prepayment | downpayment |

As nouns the difference between prepayment and downpayment

is that prepayment is a payment in advance while downpayment is alternative form of lang=en.

prepayment

English

Noun

(en noun)
  • A payment in advance.

    • External links

    * ("prepayment" on Wikipedia)

    downpayment

    English

    Noun

    (en noun)