balloon payment


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balloon payment

n.
A final loan payment that is significantly larger than the payments preceding it.

balloon payment

n
(Banking & Finance) a large payment that concludes a series of smaller payments, for example in order to repay a loan
References in periodicals archive ?
It assumes a low base-case cumulative gross loss rate of 0.8% for this transaction before considering the balloon payment risk.
Tranche one is a commercial bank loan of USD 22.4m, repayable in semi-annual installments with a final balloon payment due at maturity in December 2018.
Raising the final balloon payment, but reducing the monthly payments during the usage, the new OwnersChoice with Flex shifts more of the financial obligation to the end for i3 users.
The Japanese brand is also continuing its Personal Contract Plan offers on the Alto until the year end, meaning the SZ is available for a deposit of PS799 followed by 41 monthly payments of PS99, with the option of a final balloon payment of PS2,352 to keep the car.
They are standard package and balloon payment package.
Prior to the introduction of DID, the DrivingSense CarBuilder calculator program required a step-by-step car building process that calculated the balloon payment, the standard retail payment and the guaranteed future "residual" value on a vehicle-by-vehicle basis.
Taking an Alto SZ as an example, a down payment of pounds 795 is followed by 42 monthly payments of pounds 99 with the option to pay a final balloon payment of pounds 2,314 at the end of the agreement to keep the car.
It is offering eligible customers the opportunity to receive the highest loan amount in the market at the lowest possible monthly instalment through the introduction of a balloon payment on maturity.
The bank is offering eligible customers the opportunity to receive the highest loan amount in the market at the lowest possible monthly instalment through the introduction of a balloon payment on maturity, said a BMI statement.
It means an Alto SZ2 at pounds 6,666 is available for a deposit of pounds 1,406 followed by 42 monthly payments of pounds 99 with the option to pay a final balloon payment of pounds 2,468 at the end of the agreement to keep the car.
This is followed by 36 monthly payments of pounds 129 with an optional balloon payment of pounds 2,683 to keep the car at the end of the term.
It means an Alto SZ3 is available for a deposit of pounds 149 (2%) followed by 36 monthly payments of pounds 149 with the option to pay a final balloon payment of pounds 2,742 at the end of the agreement to keep the car.