balloon payment

balloon payment
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. . 2008.

balloon payment
A large final payment due at the end of a loan, typically a home or car loan, to pay off the amount the monthly payments didn't cover. Many states prohibit balloon payments in loans for goods or services that are primarily for personal, family, or household use, or require the lender to let the borrower refinance the balloon payment before forcing collection.
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Nolo’s Plain-English Law Dictionary. . 2009.

balloon payment
=>> payment.

Webster's New World Law Dictionary. . 2000.

balloon payment
The final installment of a loan to be paid in an amount that is disproportionately larger than the regular installment.

Dictionary from West's Encyclopedia of American Law. 2005.

balloon payment
The final installment of a loan to be paid in an amount that is disproportionately larger than the regular installment.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • balloon payment — (izg. balȗn péjment) m DEFINICIJA bank. 1. pojam vezan uz umjetno dizanje cijena, u prvom redu vrijednosnih papira 2. precijenjeno plaćanje ili plaćanje iznad realne vrijednosti ETIMOLOGIJA engl …   Hrvatski jezični portal

  • Balloon payment — The phrase balloon payment or bullet payment refers to one of two ways for repaying a loan; the other type is called amortizing payment or Amortization (business) .With a balloon loan , a balloon payment is paid back when the loan comes to its… …   Wikipedia

  • balloon payment — A contractually required loan payment, almost always the final payment, that is larger than the other contractually required, periodic loan payments. Results from the fact that required, periodic loan payments are too small to fully amortize the… …   Financial and business terms

  • Balloon Payment — An oversized payment due at the end of a mortgage, commercial loan or other amortized loan. Because the entire loan amount is not amortized over the life of the loan, the remaining balance is due as a final repayment to the lender. Balloon… …   Investment 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

  • balloon payment — /bə lu:n ˌpeɪmənt/ noun the last payment, usually much larger than the others, that is made when repaying a balloon loan …   Marketing dictionary in english

  • balloon payment — Fin the final larger payment on a balloon loan …   The ultimate business dictionary

  • balloon payment — n. large lump sum paid as final payment due at the end of a loan …   English contemporary dictionary

  • Balloon Payment — Последний платеж, который гасит основной долг по ипотечному кредиту с единовременным погашением основного долга …   Ипотека. Словарь терминов

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