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.
“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
Instead, the foundation acted as the lender, effectively extending a mortgage to Peart’s business for an $800,000 down payment, a $1.83 million balloon payment in July 2022 and interim interest payments of $11,000 a month.
From Washington Post
Martinez highlights the fact that CTC payments will be monthly, instead of some annual balloon payment, as a crucial distinction.
From Seattle Times
The raised money, she said, will help her to satisfy terms of a balloon payment for a loan that is due Feb. 1 on her ranch in Wilton, about 20 miles southeast of Sacramento.
From Washington Post
All 18 loans, for example, allow Kushner Companies to pay only interest for the full 10-year term, thus deferring all principal payments to a balloon payment at the end.
From Salon
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.
