balloon loan
Definition
Loan that requires a balloon payment, typically at the end of a loan period but sometimes at the beginning. Balloon loans are arranged usually where a large inflow of cash is expected towards the end of the loan term, such as upon the completion of a contract.
balloon loan is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
balloon loan appears in the definitions of the following terms: bullet loan and renegotiable rate loan
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