balloon payment
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
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
A big danger that comes with mortgage forbearance is a potential balloon payment — when a lump sum of missed payments is owed at the end of a forbearance period.
From MarketWatch
“If you have to pay a balloon payment at the end of the forbearance and you can’t afford that, that could put you in a much more difficult situation,” Cohen said.
From MarketWatch
In some cases, drivers pay monthly fees before paying a so-called "balloon payment" at the end.
From BBC
The loans are considered safer because they are repaid in installments over several months instead of in one balloon payment.
From New York Times
“It also alleviates the anxiety of having to figure out how to pay off a large balloon payment in the future.”
From Los Angeles Times
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.
