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Balloon Payment |
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Balloon PaymentThe final (large) payment that repays all the remaining principal and interest of a partially amortized or unamortized loan.Balloon paymentThe final lump sum payment due at the end of a balloon mortgage.Balloon PaymentThe unpaid principal amount of a loan due on a specific date in the future. Usually the amount that must be paid in a lump sum at the end of the term.Balloon Payment Similar MatchesBalloonBalloonThe final payment on a loan which is significantly larger than those preceding it. B Balloon NoteB Balloon NoteA note calling for periodic payments which are insufficient to fully amortize the face amount of the note prior to maturity, so that a principal sum known as a "balloon" is due at maturity. Balloon maturityBalloon maturityAny large principal payment due at maturity for a bond or loan with or without a sinking fund requirement. Balloon mortgageBalloon mortgageA mortgage in which monthly installments are not large enough to repay the loan by the end of the term. As a result, the final payment due is the lump sum of the remaining principal. |
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