Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Balloon Mortgage — A type of short term mortgage. Balloon mortgages require borrowers to make regular payments for a specific interval, then pay off the remaining balance within a relatively short time. Some types of balloon mortgages can be interest only for 10… … Investment dictionary
Balloon payment mortgage — A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity.Wiedemer, John P, Real Estate Finance, 8th Edition , p 109 110] The final payment is called a balloon payment … Wikipedia
Balloon payment — The phrase balloon payment or bullet payment refers to one of two ways for repaying a loan; the other type is called amortizing payment or Amortization (business) .With a balloon loan , a balloon payment is paid back when the loan comes to its… … Wikipedia
Balloon Payment — An oversized payment due at the end of a mortgage, commercial loan or other amortized loan. Because the entire loan amount is not amortized over the life of the loan, the remaining balance is due as a final repayment to the lender. Balloon… … Investment dictionary
Balloon Maturity — 1. A repayment schedule for a bond issue where a large number of the bonds come due at a one time (normally at the final maturity date). 2. A final loan payment that is considerably higher than prior payments. This is also known as a balloon… … Investment dictionary
balloon — 1) A large sum repaid as an irregular instalment of a loan repayment. 2) In the USA, the final loan repayment, when this amount is significantly more than the prior repayments … Accounting dictionary
balloon payment — /bəˈlun peɪmənt/ (say buh loohn paymuhnt) noun a loan repayment, usually the final one, which is much larger than the other repayments, as part of a loan repayment scheme in which the borrower has low repayments in the early stages of the loan… …
balloon — A large sum repaid as an irregular instalment of a loan repayment. Balloon loans are those in which repayments are not made in a regular manner, but are made, as funds become available, in balloons … Big dictionary of business and management
balloon mortgage — A mortgage in which one or more large payments may be made as part of the repayment profile; it is also called a non amortizing mortgage. With a balloon mortgage a lump sum often has to be repaid at the end of the term to cover the remaining debt … Big dictionary of business and management
balloon — /bə lu:n/ noun a loan where the last repayment is larger than the others … Marketing dictionary in english
