With Reverso you can find the English translation, definition or synonym for balloon payment and thousands of other words. You can complete the translation of balloon payment given by the English-Spanish Collins dictionary with other dictionaries such as: Wikipedia, Lexilogos, Larousse dictionary, Le Robert, Oxford, Grévisse.
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Balloon payments synonyms, Balloon payments pronunciation, Balloon payments translation, English dictionary definition of Balloon payments. n. A final loan payment that is significantly larger than the payments preceding it. n a large payment that concludes a series of smaller payments, for.
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A balloon payment is when the entire loan balance is due and payable. It occurs when a loan is not amortized. The loan itself generally contains an early due date, involving the payoff of an existing loan balance.
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A balloon payment is a large, lump sum payment that is a higher dollar amount than the regular monthly payment. It is made either at specific intervals, or, more commonly, at the end of a long-term balloon loan.Balloon payments are most commonly found in mortgages, but may be attached to auto and personal loans as well.
A balloon payment is a type of loan in which small installments are paid during the period of the loan and a final big repayment is done at the end. This final payment because of its large size is called a balloon payment.
Definition of balloon payment: Loan installment (paid usually at the end of the loan period) that is much larger than the other installments.. balloon payment. definition + Create New Flashcard; Related Terms. Loan installment (paid usually at the end of the loan period) that is much larger.
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Balloon payment definition: a large payment that concludes a series of smaller payments, for example in order to. | Meaning, pronunciation, translations and examples
It's time to make your mortgage balloon payment, but you don't have the. What if you are underwater on your home loan, meaning that you.