What is the definition of Buy-down? | Dictionary.net

BUY-DOWN

\bˈa͡ɪdˈa͡ʊn], \bˈa‍ɪdˈa‍ʊn], \b_ˈaɪ_d_ˈaʊ_n]\

Definitions of BUY-DOWN

1910 - Black's Law Dictionary (2nd edition)

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Obtaining a lower interest rate (buying down the rate) by paying additional points to the lender. The lower rate may apply to the full duration of the loan or just the first few years.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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