balloon payment

Hello, you have come here looking for the meaning of the word balloon payment. In DICTIOUS you will not only get to know all the dictionary meanings for the word balloon payment, but we will also tell you about its etymology, its characteristics and you will know how to say balloon payment in singular and plural. Everything you need to know about the word balloon payment you have here. The definition of the word balloon payment will help you to be more precise and correct when speaking or writing your texts. Knowing the definition ofballoon payment, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.

English

Etymology

So called because the debt becomes inflated like a balloon as a result of the compound interest accumulating on the large sum.

Noun

balloon payment (plural balloon payments)

English Wikipedia has an article on:
Wikipedia
  1. (business, real estate) An unusually large payment due at the end of the term of a loan agreement.
    Synonym: lump sum

Translations

See also