Balloon payment

Balloon payment

Any payment on a note that is greater than the smallest instalment payment. A lump sum principal payment due at the end of some mortgages or other long-term loans.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Real estate
Category: General
Company: Coldwell Banker
Product:
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Related terms

balloon payment

Financial services; Private equity

The final payment under a balloon note, commonly representing a large portion of the principal. See ‘Balloon Note’.

balloon payment

Financial services; Private equity

The final payment under a balloon note, commonly representing a large portion of the principal. See ‘Balloon Note’.

Balloon Payment

Financial services; Auto loans

A payment agreed at the commencement of the contract that is deferred to the end of the finance agreement and payable by the customer.

balloon payment

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The final (large) payment that repays all the remaining principal and interest of a partially amortized or unamortized loan.

balloon payment

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