Balloon Payment Definition

noun
A final loan payment that is significantly larger than the payments preceding it.
American Heritage

An unusually large payment due at the end of a mortgage or loan.

Wiktionary

Other Word Forms of Balloon Payment

Noun

Singular:
balloon payment
Plural:
balloon-payments

Origin of Balloon Payment

  • Because the debt becomes inflated like a balloon as a result of the compound interest accumulating on the large sum.

    From Wiktionary

Balloon Payment Sentence Examples

  • Most of these contracts obligate you to pay a large balloon payment if you return a vehicle in early.

  • Will there be a balloon payment at the end of the mortgage?

  • You also want to make sure the words "balloon payment" are nowhere in the documents, since a balloon payment should be avoided if at all possible.

  • Make sure that Incredibly Low Interest Rates does not actually mean variable interest rate with a balloon payment.

  • This includes a balloon payment calculator spreadsheet and a simple interest Excel amortization spreadsheet.

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Words Starting With

BBABAL

Words Ending With

TNTENT

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Words Starting With B and Ending With T

Starts With B & Ends With TStarts With BA & Ends With TStarts With B & Ends With NT

Word Length

15 Letter Words15 Letter Words Starting With B15 Letter Words Ending With T