Business Loans Glossary: Balloon

Business Loans Glossary: Balloon

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.





 



Other terms explained in the Business Loans Glossary

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Main Page Article Id: 25 - Version: 3 - Created: 22-02-2008 - Last Updated: 26-03-2008 - Hits: 408   
Categories: Glossary

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