balloon payment

Definition from Wiktionary, the free dictionary
Jump to: navigation, search

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)

Wikipedia has an article on:
Wikipedia
  1. An unusually large payment due at the end of a mortgage or loan.

Related terms[edit]

See also[edit]

Retrieved from "https://en.wiktionary.org/w/index.php?title=balloon_payment&oldid=43941852"