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词汇 balloon-payment
释义 balloon payment
noun[ C ]
 FINANCEukus(alsoballoon)
the final large sum of money paid at the end of a loan period:
The problem with balloon payments is that they can tempt people to buy expensive cars they normally couldn't afford.

Examples of balloon payment


balloon payment
Within these two categories though, there are various subdivisions such as interest-only loans, and balloonpayment loans.
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Adjustable rate mortgages are sometimes confused with balloonpayment mortgages.
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In many cases, the intention of the borrower is to refinance the amount of the balloonpayment at the final maturity date.
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Other forms of mortgage loan include the interest-only mortgage, the fixed-rate mortgage, the negative amortization mortgage, and the balloonpayment mortgage.
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In some online lotteries, the annual payments are only $25,000, with a balloonpayment in the final year.
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Typically mortgage lenders will have a balloonpayment clause in the contract that will charge a fee for early payment.
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A participation mortgage may or may not require principal and interest payments and may or may not contain a balloonpayment.
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This results in the final payment being a large balloonpayment.
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Often it includes a balloonpayment at the end of the first 5 years.
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With "partial amortization", a balloonpayment will still be required at maturity, covering the part of the loan amount still outstanding.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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