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balloon payment
(redirected from Balloon payments)

    Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
balloon payment,
n a final payment larger than the preceding payments when a debt is not fully amortized.
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This type of loan usually means the monthly payments are low and if paid within a few years, one can refinance their home to avoid balloon payments.
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The new rule will allow loans to be rescheduled with balloon payments under certain circumstances, provided a current appraisal is performed.
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Due to high balloon payments relative to current residual values and low new vehicle prices, turn-in rates are expected to be very high.
Fitch Downgrades Certain MMCA Auto Loan Securitizations by Business Wire
 
 
 
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