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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Related Terms
annuity, balloon loan
'balloon payment
' appears in the definitions of these terms on BusinessDictionary.com fully amortizing loan, synthetic lease, renegotiable rate loan, price level adjusted mortgage (PLAM), term mortgage, and
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