Balloon Financial Glossary
What is it? The balance of principal that is due and owing in its entirety at a specified point in time, but in any event, less than the time required to fully amortize the debt.Finance Term Definition Added By: Kennedy
The Balloon definition has been viewed 810 Time(s)!
Send To Friends!
If you'd like to send the Balloon definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Balloon. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Finance Terms:
Financial Term Revenue Support Grant is The main government grant to support local authority services.Financial Term Settlement Statement is A statement prepared by broker, escrow, or lender, giving a complete breakdown of costs involved in a real estate sale. A separate statement is prepared for the seller and buyer.
Financial Term Footnote B is To be used if there are any sales charges or account charges which impact yield. This footnote applies to money market funds only.
Financial Term Creditworthiness is How likely you are to repay debts and obligations in a timely manner.
Financial Term Second mortgage is A mortgage which ranks after a first mortgage in priority. Properties may have two, three, or more mortgages, deeds of trust, or land contracts, as liens at the same time. Legal priority would determine whether they are called a first, second, third, etc. lien.