Definition: A single, large payment made at maturity of a partially amortized mortgage to pay off the debt in full.
Pronunciation: \bə-ˈlün\
Used in a Sentence: At the end of his loan period, the buyer had a balloon payment of $125,623.60.
Top Deals
-
FL 63-HR Real Estate Online Course (Video On-Demand)
Regular price From $347.00Regular priceUnit price per$497.00Sale price From $347.00Sale -
Pass First Try Package | Real Estate Exam Prep For Sales Associates
Regular price $297.00Regular priceUnit price per$497.00Sale price $297.00Sale -
FL 45-HR Online Post License Course (Video On-Demand)
Regular price $247.00Regular priceUnit price per$397.00Sale price $247.00Sale -
14 Hour Continuing Education for Real Estate Professionals - Textbook & Online Exam
Regular price $34.97Regular priceUnit price per$77.00Sale price $34.97Sale
