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balloon loan
(redirected from Balloon note)

    Also found in: Financial, Wikipedia 0.01 sec.
balloon loan
n
(Economics, Accounting & Finance / Accounting & Book-keeping) a loan in respect of which interest and capital are paid off in instalments at irregular intervals
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As a result, they don't have to worry about having their building re-appraised or go through typical closing costs that would be required on a balloon note.
Getting capital in tight times: strategies for small business owners by Mattera, Julianne / Detroiter
The LCMS will finance the sale with a 10-year balloon note Although several people have pointed out the discrepancy between its words and actions, the LCMS has ignored the criticism.
Sale of KFUO announced by Absher, Frank / St. Louis Journalism Review
ARMs are resetting to elevated percentages,fallen property values, balloon notes becoming due, unstable money markets and security markets causing monetary losses in uncertain economy which leads to layoffs.
How to Be like "Donald Trump" Buy Forclosures! by Earnest Manuel / Real estate industry community
 
 
 
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