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Question
a down payment is an upfront payment of to make a purchase. cash collateral fees interest
Brief Explanations
A down payment is an upfront payment made in cash (or a cash - equivalent) to initiate a purchase, often for large - ticket items like a house or a car. Collateral is an asset pledged to secure a loan, fees are charges for services, and interest is the cost of borrowing money. So the correct term for a down payment's upfront payment type is cash.
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