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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 MatchesB 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 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. BalloonBalloonThe final payment on a loan which is significantly larger than those preceding it. Balloon maturityBalloon maturityAny large principal payment due at maturity for a bond or loan with or without a sinking fund requirement. |
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