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 ?
Take a chilled balloon glass. Wipe some blood orange juice on the rim, then turn the glass upside down and roll the rim around the saucer of cardamominfused sugar until it's fully covered.
Take a chilled balloon glass. Wipe some blood orange juice on the rim, then turn the glass upside-down and roll the rim around the saucer of cardamom-infused sugar until it's fully covered.
A large balloon glass that myour favourite tipple in.
A fuller-length shot would reveal me in smoking jacket clutching a balloon glass of the finest Cognac in one hand and a thick Havana cigar in the other.