balloon payment Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “balloon payment” in the English Dictionary

"balloon payment" in Business English

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balloon paymentnoun [C]

uk   us   (also balloon) FINANCE
the ​final large ​sum of ​moneypaid at the end of a ​loanperiod: The problem with balloon ​payments is that they can tempt ​people to ​buyexpensivecars they ​normally couldn't ​afford.
(Definition of balloon payment from the Cambridge Business English Dictionary © Cambridge University Press)
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