Answer:
Down payment.
Step-by-step explanation:
We have been given that Gerald bought a home for $300,000. His largest up-front cost is 10 percent, or $30,000. We are asked to determine the name of the given cost.
We know that when something is bought on credit, an initial payment is needed to be paid and that is known as down-payment.
Therefore, the given cost is known as the down payment.
