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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 ?
And when in the confusion of the moment he dropped a bag of ballast, the Germans, very politely but firmly overcame his scruples by shooting his balloon again twice.
Crossing the ocean in a balloon is not so difficult a feat after all.
Just before day, we were all somewhat alarmed at some odd noises and concussions in the balloon, accompanied with the apparent rapid subsidence of the whole machine.
We have crossed the Atlantic - fairly and easily crossed it in a balloon
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.
According to Travel Channel, the highlights of the Taitung International Balloon Festival are the unprecedented number of uniquely-shaped balloons featured during six night glow concerts.
A general view shows the hot air balloon (top-R) that exploded and plunged to earth, amongst other balloons leaving a launch site near Egypt's ancient temple city of Luxor, prior to the incident on February 26, 2013.
Google wants to accomplish this by using large, technologically advanced balloons.
During the procedure initially RV angiogram was done for Visualization of RV cavity, pulmonary annulus and infundibular anatomy, simultaneously Preballooning RV pressure was measured, multiple types of balloons (Tyshak II, Z-med, Cordis, Atlas) were used for valvuloplasty.
Their Self-Sealing Water Balloons are currently being sold on Amazon.
More than 150 balloons are taking part in the three-day International Balloon Fiesta, which includes mass lift-offs and a spectacular night glow finale and fireworks display each evening.
NASA's Columbia Scientific Balloon Facility (CSBF) uses Charter NEX film for Super Pressure Balloons and Zero Pressure Balloons.