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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.


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

References in classic literature ?
The balloon was brought over the beach (the tide being out and the sand hard, smooth, and admirably adapted for a descent,) and the grapnel let go, which took firm hold at once.
There are over 50 balloon popping levels and with each level the difficulty increases more and more.
Local Chinese PTCA balloon companies include Lepu Medical, MicroPort, JW Medical, Yinyi, Neich Medical (Shenzhen), Synexmed, Sino Medical and Demax Medical, of which Lepu Medical, MicroPort, Neich Medical (Shenzhen) and Sino Medical manufacture both PTCA balloon catheter for delivering coronary stent and PTCA balloon, JW Medical manufactures only PTCA balloon for delivering coronary stent, and Demax Medical produces only PTCA balloon.
The Energizer Bunny balloon, for example, will need 20 to 25 people to inflate it.
Using the calculated volume of a balloon and the rule that one liter of helium can lift one gram, how balloons are needed to lift each object?
Rosenberg of the Massachusetts Institute of Technology in Cambridge, used antisense to prevent arterial thickening among rats whose neck arteries had been reamed by balloon angioplasty Rosenberg, who also holds a post at the Harvard Medical School's Beth Israel Hospital in Boston, and his colleagues report their results in the Sept.
Historically, balloon travel is associated with modern imagemaking through Nadar, who photographed Paris from the air; balloons thus helped to free the camera eye and give access to new sights.
The object of the game is to get your balloon into all nine boxes, in order, with the fewest total "strokes.
Secure a helium-filled balloon with a weight heavy enough to prevent it from drifting away.
Former train driver Mr Armstrong, 46, who now runs Doctor Bob's Balloon Shop in High Street, Barry, took nearly four days to create the grotto using more than 1,000 balloons.
Similar to cluster ballooning, it is a solo-piloted balloon flight.
Temporary occlusion with an inflatable balloon can be hazardous because of the exquisite friability of the carotid artery in this setting.