- balloon note
n.A promissory note in which the interest is paid in periodic installments and then the remainder of the principal is paid in one lump sum at the end of the term.
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
- balloon note
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
Look at other dictionaries:
balloon note — A form of promissory note which commonly calls for minimum payments of principal, if any, and the payment of interest at regular intervals, but which requires a substantial payment of principal at the end of the term; the final payment frequently … Black's law dictionary
balloon note — Loan with a large final payment … American business jargon
balloon payment — n. The large payment due at the end of the term of a balloon note. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. balloon payment A large final paymen … Law dictionary
balloon payment — The final payment of principal under a balloon note; commonly representing essentially the entire principal. See balloon mortgage balloon note … Black's law dictionary
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Balloon Kid — Éditeur Nintendo Développeur Nintendo R D1, Pax Softnica Concepteur Gunpei Yokoi (producteur) Yoshio Sakamoto (directeur) Musique Hirokazu Tanaka Date de sortie … Wikipédia en Français
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Balloon payment mortgage — A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity.Wiedemer, John P, Real Estate Finance, 8th Edition , p 109 110] The final payment is called a balloon payment … Wikipedia
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