Final answer:
The term 'down payment' is associated with buying a home and not with renting, where renters typically pay the first month's rent, last month's rent, and a security deposit upfront.
Step-by-step explanation:
When renting an apartment or home, certain fees are typically required to be paid upfront. These usually include the first month's rent and a security deposit. The security deposit is held by the landlord as a safeguard against damage to the property or unpaid rent. In some cases, renters might also pay the last month's rent upfront.
However, a down payment is not commonly paid by renters. Down payments are typically associated with the purchase of a home, not with the renting of property. When you buy a house, the down payment represents a percentage of the purchase price that the buyer pays upfront. In renting, this is not a standard practice and thus the correct answer is option d.