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 ?
To confirm results of ballooning, RV angiogram was done in the same left lateral position and flow pattern across the pulmonary valve estimated (fig-2).
I want to see the Red Centre become the ballooning capital of Australia bringing tourists from right throughout the country and the world to our nation s heart for a unique outback experience.
Ballooning can be tranquil, beautiful, fun, or exciting, and it is a sport with a unique culture all its own.
* Read about the history of ballooning at www.pbs.org/wgbh/nova/balloons/science/history.html
Mr Bentley will house the basket at Innovation Ballooning's premises in Bath and the company's support and land crew will maintain it and manage flights in the basket.
"For me the thrill of ballooning is the unknown," he says.
Consistent with the pattern of scientific ballooning, the Boomerang payload had flown before this history-making flight and will fly again to provide even greater understanding of the origins of our universe.
Hot air ballooning was suspended in Luxor for several months after the death of 19 Asian tourists in 2013 in a balloon accident.