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Balloon payment
Balloon payment The final installment paid at the end of the term of a note; used only when preceding installments were not sufficient to pay off the note in full.
RELATED TERMS--------------------------------------
Term
The length of time in which a loan is to be paid off.
Note
A written instrument acknowledging a debt and promising payment
SIMILAR TERMS--------------------------------------
Balloon loan
Mortgage in which the remaining principal balance becomes fully due and payable at a predetermined time.
Balloon mortgage
A mortgage that typically offers low rates for an initial period of time (usually 5, 7, or 10) years; after that time period elapses, the balance is due or is refinanced by the borrower.
Balloon or bullet loan
A loan with a maturity that is shorter than the amortization period.
Balloon risk T
The risk that a borrower will not be able to make a balloon (lump sum) payment at maturity due to a lack of funding.
Balloon-frame construction
A type of framing used in two-story homes in which studs extend from the ground to the ceiling of the second floor.
Bally property
Property in Bally, India. Apartments, flats, houses, offices and other property in Bally.
PREVIOUS AND NEXT TERMS--------------------------------------
Balanced trust
A "combination trust" is referred to as a "balanced trust" in California.
Balcony
A part of the building usually enclosed by a railing or balustrade that projects from either an inside or outside wall of a building.
Balloon loan
Mortgage in which the remaining principal balance becomes fully due and payable at a predetermined time.
Balloon mortgage
A mortgage that typically offers low rates for an initial period of time (usually 5, 7, or 10) years; after that time period elapses, the balance is due or is refinanced by the borrower.
Balloon or bullet loan
A loan with a maturity that is shorter than the amortization period.
Balloon payment
Balloon risk T
The risk that a borrower will not be able to make a balloon (lump sum) payment at maturity due to a lack of funding.
Balloon-frame construction
A type of framing used in two-story homes in which studs extend from the ground to the ceiling of the second floor.
Baluster
Any of the vertical supports for a stair, balcony or railing.
Balustrade
Railing held up by a set of posts on a porch or stairway.
Bank
An institution that acts as a financial intermediary by receiving money from depositors and lenders and also lending to borrowers.
This dictionary contains 6433 terms. |
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