balloon payment
noun [C] (also balloon) FINANCEDefinition
› 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.
(Definition of balloon payment noun from the Cambridge Business English Dictionary
© Cambridge University Press)
Browse the Thesaurus
Our dictionaries
Browse the Dictionary
Word of the Day
ride (out) the storm
to manage not to be destroyed, harmed or permanently affected by the difficult situation you...
Blog
Read our blog about how the English language behaves.
New Words
Find words and meanings that have just started to be used in English, and let us know what you think of them.
