balloon payment Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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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 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 from the Cambridge Business English Dictionary © Cambridge University Press)
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