ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
From the web's #1 provider of financial analysis / ratio analysis
DOWN PAYMENT Definition
DOWN PAYMENT is a partial payment made at the time of purchase; the balance to be paid later as stipulated by contract; written or oral.
Learn new Accounting Terms
MATCHING PRINCIPLE see MATCHING CONCEPT.
GAAP is Generally Accepted Accounting Principles or Generally Accepted Accounting Procedures (less common).