balloon payment

noun

Definition of balloon payment

US
: a final payment that is much larger than any earlier payment made on a debt They agreed to pay $1,000 a year for five years and then make a balloon payment of $50,000 at the end of the term.

Learn More About balloon payment

Dictionary Entries Near balloon payment

balloonist

balloon payment

balloon sail

See More Nearby Entries 

Statistics for balloon payment

Cite this Entry

“Balloon payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/balloon%20payment. Accessed 28 Jun. 2022.

Style: MLA
MLACheck Mark Icon ChicagoCheck Mark Icon APACheck Mark Icon Merriam-WebsterCheck Mark Icon

WORD OF THE DAY

Test Your Vocabulary

Great Words for Scrabble

  • scrabble tiles that read scrabble quiz
  • Which of the following Q-without-U words means the number five in cards or dice?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Universal Daily Crossword

A daily challenge for crossword fanatics.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!