Question

Money you pay up front to reduce the amount you will owe is called a

A. fixed loan
B. late payment
C. down payment
D. short-term loan

Answer 1

down payment

Step-by-step explanation:

Answer 2

down payment

Step-by-step explanation:

A down payment is money paid upfront in a financial transaction, such as the purchase of a home or car. Buyers often take out loans to finance the remainder of the purchase price.