balloon payment
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English[edit]
Etymology[edit]
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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