balloon payment
English
editEtymology
editSo called because the debt becomes inflated like a balloon as a result of the compound interest accumulating on the large sum.
Noun
editballoon 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
editTranslations
editTranslations
|