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balloon payment
(redirected from Balloon payments)

    Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia 0.02 sec.
Balloon Payment
See: Bullet.
Balloon Payment
The final (large) payment that repays all the remaining principal and interest of a partially amortized or unamortized loan.
balloon payment
A final loan payment that is significantly larger than the payments preceding it. For example, a bond issuer may redeem 3% of the original issue each year for 20 years and then retire the remaining 40% in the year of maturity.
balloon payment

The full principal amount due at the end of a balloon mortgage.



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Commercial real estate mortgages often have balloon payments due as the mortgages terminate.
Commercial brokers increase income as mortgage brokers by Mardesich, Joseph / Real Estate Weekly
All of this explains why millions were willing to act on Greenspan's insane advice to refinance to an ARM in February 2004, and stand to be utterly wiped out when balloon payments begin to come due.
From debt to dispossession: after abetting an unprecedented growth in ... by Grigg, William Norman / The New American
Beware of prepayment penalties and balloon payments.
Get the loan you deserve: African Americans can avoid being steered ... by Sykes, Tanisha A. / Black Enterprise
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