Balloon Payment
A balloon payment is the final installment payment for what is commonly known as a balloon, or bullet loan.
Balloon Payment
The balloon payment is the final payment to satisfy a balloon loan, where all of the payments are low until a certain date when this larger payment is due.
Balloon Payment
Balloon Payment definition :
The final (large) payment that repays all the remaining principal and interest of a partially amortized or unamortized loan.
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Balloon payment
The last and final balance amount of a loan that is paid at the end of a balloon mortgage is called a balloon payment.
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Balloon Payment
Business Dictionary:
Balloon Payment
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BALLOON PAYMENT - A contractually required loan payment, almost always the final payment, that is large...
BALLOON RESET MORTGAGE - See Two Step Mortgage (Balloon Reset) ...
Balloon Payment
The final lump sum payment of a balloon loan.
Balloon Note Mortgage
A loan that is only partial amortized and requiring a lump sum repayment at maturity.
Balloon Payment - The final payment on a loan, when that payment is greater than the preceding installment payments and pays the note in full.
Balloon Payment - any payment that is more than twice the amount of any other regularly scheduled equal payment.
Balloon payment
A balloon payment is a lump sum payment on a hire purchase or conditional sale agreement. Balloon payments are normally made at the end of the agreement.
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Balloon Payment
The lump sum payment that is made at the maturity date of a balloon mortgage. It is usually the final payment for discharging the debt.
BALLOON PAYMENT
A large principal payment due all at once at the end of some loan terms.
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A limit on how much the interest rate can change in an adjustable rate mortgage.
Balloon Payment : An inflated payment that comes due at an agreed upon time, usually at the end of the loan term.
Balloon payment - A final payment of a mortgage loan that is typically considerably larger than the required periodic payments because the loan amount was not fully amortized.
Balloon Payment
The final (large) payment that repays all the remaining principal and interest of a partially amortized or unamortized loan.
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Balloon payment-a large repayment, usually made at the end of an agreement to pay off a loan.
Bank - a financial institution authorised under the 1959 Banking Act which offers a variety of financial products and services.
Balloon payment - Last loan payment when it is significantly more than the prior payments; also called partially amortized loans. For example, a debt agreement might provide for a balloon payment when future refinancing is anticipated.
Balloon Payment
A larger than usual payment used to pay off the outstanding balance of a loan without penalty. Not all loans allow balloon payments. Simple interest loans, like many educational loans, generally do allow balloon payments.
Balloon payment:
A loan installment that is larger than the other, periodic payments and pays off the remaining principal.
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Balloon Payment - An oversized payment due at the end of a mortgage, commercial loan or other amortized loan.
Balloon Payment. The final installment on a loan which is greater than the prior payments and pays any remaining amount outstanding under the loan.
Balloon Payment
The final payment terminating a debt, in which the amount paid is substantially more than previous instalments.
Balloon Payment
A payment or installment that is made at the end of a specified loan term to pay off the remaining principal. This payment is larger than the regular payments that are made throughout the term of the loan.
Balloon Payment: A final debt repayment that is substantially larger than the preceding repayments.
Bankable: Capable of being financed.
Barter: The physical form of countertrade.
Balloon Payments
Be cautious signing up for loans with balloon payments mentioned in the fine print. These long-term loans often have low monthly fees and one large payment at the end of the loan term.
Balloon payment
A balloon payment is a final large lump sum payment at the end of a loan term.
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Balloon payments are often prepackaged into what are called "two-step mortgages." In this type of mortgage, the balloon payment is rolled into a new or continuing amortized mortgage at the prevailing market rates.
balloon payment
final lump-sum payment of unpaid principal remaining at the end of a balloon mortgage and in certain types of leases. The extra payment extinguishes the debt.
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balloon payment:A large extra payment that may be charged at the end of a loan or lease.
Bank for International Settlements - BIS:The BIS, located in Basle, Switzerland, was established in 1930 ...
Balloon Payment : The unpaid, principal amount of a mortgage loan that is due on a specified date, and paid in a lump sum at the end of the term.
balloon payment A large, lump-sum payment scheduled at the end of a series of considerably smaller... BAM The ISO currency code for the Bosnia-Herzegovina Convertible Mark. Bangladesh Taka The currency of Bangladesh.
With a balloon mortgage, you make monthly payments over the mortgage term, which is typically five, seven, or ten years, and a final installment, or balloon payment, that is significantly larger than the usual monthly payments.
For example: if you can be certain that you will come into money in a set period of time (e.g. if you are the beneficiary of a trust), a balloon payment may save you money.
pay $270 a month for five years (60 payments) and a balloon payment of $25,000.
Any loan that requires a balloon payment at the end of the term and anticipates that the loan will be refinanced in order to meet the balloon payment obligation.
Open-end Lease A lease that may involve a balloon payment based on the value of the property when it is returned.
A lease that may involve a balloon payment based on the value of the property when it is returned.
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Typically mortgage lenders will have a balloon payment clause in the contract that will charge a fee for early payment. This is because, the lender will not get the same yeild if loan balance is not held to maturity.
Act requires lenders to disclose the terms and costs of all loan plans, including the following: annual percentage rate, points, and fees; the total of the principal amount being financed; payment due date and terms, including any balloon payment ...
After the draw period is over, the home equity line of credit has to be repaid - either in a balloon payment, or according a repayment plan.
A balloon is the term for an extra-large amount of payment on a debt that is substantially more than the preceding payments. For example, some bond issues have balloon payments that mature in the final year.
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Any large principal payment due at maturity for a bond or loan with or without a sinking fund requirement.
Balloon Payment ...
A loan whose amortization schedule includes a final payment which is much larger than the previous regular payments. The final payment is often referred to as a balloon payment.
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The buyers made a $200,000 down payment and will pay the rest off at 10 percent interest on a 20-year amortization schedule, except that at five years the unpaid principal will be due in a balloon payment.
with a final payment considerably larger than the preceding payments. Balloon mortgages are typically used when borrowers anticipate receiving a large sum of extra cash to pay the balance, or when they expect to refinance before the balloon payment ...
the medicaid annuity is an ideal tool for certain individuals, providing that the annuity contract is irrevocable, actuarially sound, includes equal payments over the lifetime of the annuitant, and does not include a benefactor or balloon payment ...
[OTS] balloon payment A large extra payment that may be charged at the end of a loan or lease. [FRB][FRBC][FRBM][FRBSF] Large final payment (e.g., when loan is repaid in installments).
 See also: Balloon, Banks, Expense, Saving, Line of credit
  
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