Balloon Payment
Business / Loan / Balloon Payment
Related Words
Balloon Payment: A scheduled payment due at the end of a loan term that is substantially greater than the regular monthly payments. This may be a very large payment. It is designed to occur when the regular . . . View Full Definition
Balloon Mortgage: With a balloon mortgage, you make monthly payments over the mortgage term, which is typically five, seven, or ten years, and a final installment, or balloon payment, that is significantly la . . . View Full Definition
Payment-In-Kind (PIK) Bond: A bond that gives the issuer an option (during an initial period) either to make coupon payments in cash or in the form of additional bonds.
Payment Threshold: The minimum accumulated commission an affiliate must earn to trigger payment from an affiliate program.
Word of the Day:
Unfunded Debt: Property that is not subject to any claims by creditors. For example, securities bought with cash instead of on margin and homes with mortgages paid off.
Synonym of the Day:
Tender: Offer, Proffer, Present, Propose, Put Forward, Extend, Hold Out, Submit, Advance, Put Up, Set Beforetouching, Emotional, Moving, Stirring, Soul-stirri . . . View All Synonyms
Game of the Day:
Medical Mania
Medical Maniacs is a Doctors and Nurses themed slot game.
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