balloon payment
balloon payment
Finance dictionary of financial terms
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Economics and finance
Definition of balloon payment
balloon payment: At the maturity of a loan, a large lump-sum payment representing the entire loan principal if the periodic payments represent only interest.
Source : http://foba.lakeheadu.ca/hartviksen/2039/Finance%20Dictionary.doc
link: http://foba.lakeheadu.ca/
Author : not indicated on the source document of the above text
Finance dictionary of financial terms
Finance dictionary of financial terms index
Definition and meaning of balloon payment
Meaning of balloon payment
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