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Real estate glossary

Advance payment (acompte)

Sum paid on account of the price or amount due, under the terms of the contract. In real estate, its effect depends in particular on the nature of the commitment and the contract terms.

Also known as: Down payment
Category: Buying and selling
Updated:

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General definition provided for information only. The rules that apply depend on your situation, the country and the law in force: check them with a professional (notary, lawyer, estate agent).

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