balloon payment
noun[C]
FINANCEukus(alsoballoon)thefinallargesumofmoneypaidat the end of aloanperiod:
Theproblemwith balloonpaymentsis that they cantemptpeopletobuyexpensivecarstheynormallycouldn'tafford.
Examplesofballoon payment
balloon payment
Within these two categories though, there are various subdivisions such as interest-only loans, andballoonpaymentloans.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Adjustable rate mortgages are sometimes confused withballoonpaymentmortgages.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.In many cases, the intention of the borrower is to refinance the amount of theballoonpaymentat the final maturity date.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Other forms of mortgage loan include the interest-only mortgage, the fixed-rate mortgage, the negative amortization mortgage, and theballoonpaymentmortgage.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.In some online lotteries, the annual payments are only $25,000, with aballoonpaymentin the final year.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Typically mortgage lenders will have aballoonpaymentclause in the contract that will charge a fee for early payment.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.A participation mortgage may or may not require principal and interest payments and may or may not contain aballoonpayment.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.This results in the final payment being a largeballoonpayment.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Often it includes aballoonpaymentat the end of the first 5 years.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.With "partial amortization", aballoonpaymentwill still be required at maturity, covering the part of the loan amount still outstanding.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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