Balloon

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Balloon Loan

A loan or bond in which the borrower makes only interest payments for a set period of time. At the end of the term, the borrower repays the entire principal at once. A balloon loan may be useful when the borrower expects interest rates to be low at the end of the term, allowing him/her simply to refinance the loan. However, there is a high risk of default because not all borrowers actually have the cash to repay an entire loan in one payment. See also: Balloon Mortgage.

Balloon

The loan balance remaining at the time the loan contract calls for full repayment.

References in periodicals archive ?
The idea for the balloons came from the hassle of preparing water balloons before a water fight.
Long flight times require balloons made of very high-quality film.
Traditional balloon races can have devastating effects on our wildlife, as even balloons which are released miles inland can be blown away, littering the countryside and leaving debris in the sea.
Balloons are steered only by the winds and pilots soon learn that winds blow in different directions at different altitudes.
Although hot air balloons have been around for centuries - the first manned flight took place in France in 1783, according to ballooning Web site www.
In Burbank, officials are blaming at least four recent outages on errant balloons, prompting two City Council members to ask for a report Tuesday to find out how officials can deal with the problem.
But instead of using helium balloons, the pilot wears a fuel tank and a harness strapped to a hot-air balloon.
Given that "what goes up must come down;' balloons released into the air--whether by accident or in large quantities at events--eventually end up as trash on the ground or in bodies of water.
Germany also applies a similar, voluntary guideline to balloons.
2) Chaloupka et al described their routine use of detachable balloons in larger segments of the carotid artery that harbored pseudoaneurysms.
Tan was hanging from these balloons rather more like a parachutist than like a balloon traveler.