balloon payment
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English
[edit]Etymology
[edit]So called because the debt becomes inflated like a balloon as a result of the compound interest accumulating on the large sum.
Noun
[edit]balloon payment (plural balloon payments)
- (business, real estate) An unusually large payment due at the end of the term of a loan agreement.
- Synonym: lump sum
Related terms
[edit]Translations
[edit]Translations
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