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Balloon Maturity

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Balloon maturity
Any large principal payment due at maturity for a bond or loan with or without a sinking fund requirement.
Balloon Maturity
A provision in some bond agreements in which a large number of bonds comes due at the same time, usually at maturity. Balloon maturity occurs only in bonds without a sinking fund provision; rather than retiring part of the principal at different times, balloon maturity returns most or all of the principal on a single date. Issuers of bonds with balloon maturities can have difficulty in repayment if they have not set aside a sufficient amount of money.
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The law firm also must review individual loan terms relating to interest accrual and pay rates, interest accrual periods, future advances, equity kickers, lock-out periods, prepayment premiums and yield maintenance, extension options, balloon maturity, grounds leases and the like.
The crucial role of due diligence by Stern, Leonard / Mortgage Banking
The notes have a balloon maturity due on March 1, 2014 with semiannual interest payments due on each March 1 and Sept.
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Unlike ARMs - another low-cost alternative to fixed-rate mortgages (FRMs) - a borrower's monthly payments are known with certainly, out until the balloon maturity date, from the moment the loan is originated.
Balloons on the rise by Mahood, Bruce / Mortgage Banking
 
 
 
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