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What is a down payment?

A down payment is the initial payment a borrower puts toward a large purchase, and is usually a specified percentage of the total purchase price.

Is a down payment refundable?

A down payment is a type of payment made in cash during the onset of the purchase of an expensive good or service. The payment represents a percentage of the full purchase price; in some cases, it is not refundable if the deal falls through because of the purchaser.

What is a down payment for a home purchase?

Since the customer is buying up an asset by paying up a fraction of the value of the purchase up front, it gives security to the lending institution. In the United States, the typical range of down payments for home purchases ranges from 3.5% to 30% of the purchase price.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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