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 ?
But balloonists and pilots point to numerous challenges that make hunting from a hot air balloon difficult, if not impossible.
The veteran balloonist set a record of 50 hours and 38 minutes in the air after leaving Calgary in Canada and landing in the tiny town of Jordan in the US state of Montana in 1997.
Extremely jealous of other balloonists who offered their services to the Union army, he refused to cooperate with any of them.
"For 200 years, balloonists have dropped sand to make up for the loss of lift." But Nott says that by evaporating liquid helium and adding it to the balloon, he will generate more than seven times the lift gained by dropping the equivalent amount of sand.
"Yes, we did run the company from here and he was a leading balloonist, so what?"
American balloonist Kevin Uliassi left Yangon on Sunday night for Bangkok, on his way home after making an emergency landing in Myanmar and aborting his planned solo around-the-world flight.
The Grand Prix docu jury will be headed by balloonist Bertrand Piccard.
But Wood's Australian memories aren't the most vivid among the 22 years he's spent as Arkansas' second most experienced balloonist.
BRIT balloonist Brian Jones conquered the world yesterday - then celebrated with a cup of tea.
My friend Bill Grabb owned a one-man hot air balloon, and matched me with a balloonist friend whose wicker gondola carried two.
But the young balloonist is quick to point out, "There are fewer accidents in ballooning than there are when people just walk around on the street."
Because the festival celebrated flight in all its forms, we hired performers who defied gravity - stiltwalkers, jugglers and a local balloonist who made a tethered flight on the Mall.