balloon payment Definition

balloon payment

Definition

A large, lump-sum payment scheduled at the end of a series of considerably smaller periodic payments. A balloon payment may be included in the payment schedule for a loan, lease, or other stream of payments.

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balloon payment is ...
... part of the Lending & Credit subject.

Related Terms

annuity - More

balloon loan - More

balloon note - More

balloon payment appears in the definitions of these other terms on BusinessDictionary.com

synthetic lease, renegotiable rate loan, price level adjusted mortgage (PLAM), term mortgage, fully amortizing loan, and

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