balloon payment en · NOUN
Etymology
So called because the debt becomes inflated like a balloon as a result of the compound interest accumulating on the large sum.
Meanings
- An unusually large payment due at the end of the term of a loan agreement.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| balloon payments | Number=Plur | lexicographic |
Relateds
Synonyms
Translations (2)
fi könttäsumma (Translations) · pl rata balonowa (Translations)