Eric Nicholas K's answer to Kathy's Secondary 4 E Maths Singapore question.
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How u know is down payment
Basically in downpayment, you pay a sum upfront, while the remaining sum is paid at other times, often in installments.
‘Deposit’ is just another name for downpayment, because placing a deposit for the item means you must hand over that sum of money upfront to enjoy the use of the item.