balloon loan
Britishnoun
"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012Example Sentences
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“A two-week balloon loan priced at 400 percent is just inherently unsuitable for people who are in the red every month with their basic expenses,” King said.
From Washington Post
Homeowners had assumed that their houses would continue appreciating in value and that they would be able to borrow against the equity to pay off the balloon loan.
From Time Magazine Archive
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
