balloon payment

noun

Definition of balloon payment

US

  1. :  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.

Word by Word Definitions

balloonplay
  1. :  a nonporous bag of light material that can be inflated especially with air or gas: such as

    :  a bag that is filled with heated air or a gas lighter than air so as to rise and float in the atmosphere and that usually carries a suspended load (as a gondola with passengers)

    :  an inflatable bag (as of rubber or plastic) usually used as a toy or for decoration

  1. :  relating to, resembling, or suggesting a balloon

    :  being or having a final installment that is much larger than preceding ones in a term or installment note

  1. :  to swell or puff out :  expand

    :  to ascend or travel in or as if in a balloon

    :  to increase rapidly

paymentplay
  1. :  the act of paying

    :  something that is paid :  pay

    :  requital


Seen and Heard

What made you want to look up balloon payment? Please tell us where you read or heard it (including the quote, if possible).