An installment payment on a promissory note - usually the final one for discharging the debt - which is significantly larger than the other installment payments provided under the terms of the promissory note.

A large principal payment due all at once at the end of some loan terms.

A feature of Contract Purchases and Personal Contract Purchases, this is a final payment that is agreed at the start of the contract but not made until the end.

A final payment that is typically much larger than regular payments, and any outstanding principal and interest remaining on the loan is paid in one lump sum. Balloon payments are typical with loans that have an adjustable rate or an interest only period.

A final loan payment that is considerably higher than prior regular payments, to pay off the loan.

The final (large) payment that repays all the remaining principal and interest of a partially amortized or unamortized loan. See: Bullet.

a final payment on a loan, consisting of most or all of the amount borrowed, previous payments having been of the interest onlyIt's important to understand the dangers of a balloon payment car lo [..]

A lump-sum payment at the end of a balloon mortgage term that pays the loan in full.

A large loan payment to clear a debt.

The principal payment on a balloon maturity. See: BALLOON MATURITY.

A large final payment due at the end of a loan, typically a home or car loan, to pay off the amount the monthly payments didn't cover. Many states prohibit balloon payments in loans for goods or [..]

The final large payment at the end of a balloon mortgage term.

The final lump sum payment that is due at the termination of a balloon mortgage.

Definition A large, lump-sum payment scheduled at the end of a series of considerably smaller periodic payments. A balloon payment may be included in the payment schedule for a loan, lease, or other s [..]

is the final payment to satisfy a balloon loan, where all of the payments are low until a certain date when this larger payment is due. The way this is done is for a mortgage of this type that is take [..]

the final lump sum payment due at the end of a balloon mortgage.

A larger than usual payment used to pay off the outstanding balance of a loan without penalty. Not all loans allow balloon payments. Simple interest loans, like many educational loans, generally do allow balloon payments.

A final debt repayment that is substantially larger than the preceding repayments.

The final debt repayment, which is larger than the other sums paid previously.

Making a balloon payment refers to making the larger payment at the end of your auto loan term to finally pay off the car loan. Balloon payments help keep the rest of the regular monthly payments low. [..]

A large, lump-sum payment scheduled at the end of a series of smaller periodic payments with respect to applicable loan and financing lease transactions.

A balloon payment can make monthly payments lower on an auto loan but require a large payment to be made at the end of the car loan. Bill of Sale

The final payment of a debt obligation which is substantially larger than the preceding payments.

If you choose to use PCP as your finance option when buying a used car, you can defer part of the loan to the end of the agreement - a balloon payment. You can either pay this amount off and the car i [..]

A payment under a Facility that is larger than the other repayments made over the Tenor of the Facility. Usually made near the beginning or at the end of the Tenor of the Facility.

Several finance options now include a balloon payment. This option lets you defer some of the loan amount to the end of the agreement, potentially reducing you monthly payment However make sure you’re [..]

Estimated final payment that covers the remaining expected value of the equipment.

The final payment of a loan when the amotization is longer than the maturity of the underlying note. This payment is usually larger than the regular periodic payment.

The last and final balance amount of a loan that is paid at the end of a balloon mortgage is called a balloon payment.  

A balloon payment is the final payment needed to satisfy the payment of the entire principal amount, if different from the monthly payment. It is a lump-sum principal payment due at the end of a loan. [..]

A payment the borrower must make to the lender at the mortgage term’s end. This final payment is comparatively much larger than the payments that preceded it.

a final lump sum payment due on a loan agreement. Loans with a larger final ‘balloon payment’ have lower regular repayments over the term of the loan.

The last payment of your mortgage which is much larger than the other payments. Since the other, smaller payments do not cover the full amount of the loan that needs to be repaid, this amount settles that balance.

The final payment of a mortgage loan when it is larger than the regular payment. It usually extinguishes the debt.

In certain types of loans, the borrower makes interest-only payments throughout the life of the loan, repaying the principal balance at the end of the term of the loan. The payment of principal at the [..]

The final large payment at the end of a balloon mortgage term.

A final lump sum payment made at the end of a finance contract. The lump sum payment must be disclosed at the time of the sale.

A balloon payment always comes at the end of a finance contract like Fiat i-Deal. It is the amount you have to pay if you wish to buy and keep the vehicle that you have taken out a contract on. Back to top

A large extra payment that may be charged at the end of a loan or lease.

A large extra payment that may be charged at the end of a loa n or lease.

The final payment that is made at the maturity date of a balloon mortgage and pays the loan in full.

A large extra payment that may be charged at the end of a loan or lease.

A final payment on, for example, a loan.

A Balloon Mortgage is usually a short-term fixed-rate loan which involves small payments for a certain period of time and one large payment for the remaining amount of the principal at a contractually [..]

A larger than usual payment used to pay off the outstanding balance of a loan without penalty. Not all loans allow balloon payments. Simple interest loans, like many educational loans, generally do al [..]

The final lump sum paid at the maturity date of a balloon mortgage.

The final lump sum paid at the maturity date of a balloon mortgage.

An unusually large payment due at the end of a mortgage or loan.

The final substantial payment on a loan, where the required payments have been amortized over 30 years to keep the monthly payments low, but the term for payoff of the principal is only 7 years.

The payment of the principal balance of a mortgage loan outstanding on maturity of the term. A balloon mortgage is one that does not fully amortize over its term to maturity.

The final lump sum payment that is made at the end of the shorter term for a balloon loan and pays the loan in full.

The final (large) payment that repays all the remaining principal and interest of a partially amortized or unamortized loan. See: Bullet.

is a large payment made at or near the end of a loan term.

A large payment due on a loan. Generally a balloon payment is required when regular monthly or quarterly payments have not covered both the increase due and the principal of the loan. Bankrupt

The final repayment instalment of a Personal Contract Purchase (PCP) loan that’s larger than the previous instalments. Also known as the GMFV (Guranteed Minimum Future Value).

A balloon payment is the amount of money which is owed to the finance company once a leasing contract has finished, when all the monthly payments have already been made. This lets a borrower make paym [..]

A large payment due at the end of a loan. Using a balloon payment, the individual monthly payments can be smaller.

A large final payment under a finance agreement normally in line with the predicted value of the car.