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balloon payment

   Also found in: Medical, Legal, Financial, Wikipedia 0.01 sec.
balloon payment
n.
A final loan payment that is significantly larger than the payments preceding it.
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Seller financing will require a balloon payment and date of baloon payment is negotiable.
Business For Sale; 59 -- Miscellaneous Retail; SPORTING GOODS STORE by Businesses for Sale: FirstList
Despite this, the monthly repayments are still around the same level as competitors' PCP costs and at the end of the three years you own the car with no balloon payment.
Hyundai's new three-year free finance initiative by The Journal (Newcastle, England)
The borrower will have to have the means to make this balloon payment at the end of the term.
Expensive Mistakes and Priceless Knowledge by Paul Pratt / Real estate industry community
 
 
 
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