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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 of
balloon 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)
- (business, real estate) An unusually large payment due at the end of the term of a loan agreement.
- Synonym: lump sum
Translations
See also