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balloon payment
(redirected from Balloon payments)

    Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.06 sec.
balloon payment,
n a final payment larger than the preceding payments when a debt is not fully amortized.


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Commercial real estate mortgages often have balloon payments due as the mortgages terminate.
Commercial brokers increase income as mortgage brokers by Mardesich, Joseph / Real Estate Weekly
All of this explains why millions were willing to act on Greenspan's insane advice to refinance to an ARM in February 2004, and stand to be utterly wiped out when balloon payments begin to come due.
From debt to dispossession: after abetting an unprecedented growth in ... by Grigg, William Norman / The New American
Beware of prepayment penalties and balloon payments.
Get the loan you deserve: African Americans can avoid being steered ... by Sykes, Tanisha A. / Black Enterprise
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