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
See More Nearby EntriesStatistics for balloon payment
Look-up Popularity
Cite this Entry
“Balloon payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/balloon%20payment. Accessed 18 Apr. 2021.
Style: MLA
MLA
Chicago
APA
Merriam-Webster
Chicago
APA
Merriam-Webster
Comments on balloon payment
What made you want to look up balloon payment? Please tell us where you read or heard it (including the quote, if possible).
Test Your Vocabulary
The Exceptions Quiz III
-
- Which of these words does not mean "nonsense"?
Can you spell these 10 commonly misspelled words?
TAKE THE QUIZ
Anagram puzzles meet word search.
TAKE THE QUIZLove words? Need even more definitions?
Merriam-Webster unabridged
Words at Play
Ask the Editors
Word Games
Share balloon payment