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buy-down

[bahy-doun]

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noun

a subsidy for a long-term mortgage offered by a third party, as a builder or developer, to lower interest rates for a buyer in the early years of the loan.

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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"But a dog teaches a boy fidelity, perseverance, and to turn around three times before lying down—very important traits in times like these. In fact, just as soon as a dog comes along who, in addition to these qualities, also knows when to buy and sell stocks, he can be moved right up to the boy's bedroom and the boy can sleep in the dog house."

-Robert Benchley

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