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.




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

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