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Meaning of "balloon payment" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF BALLOON PAYMENT

balloon payment play
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GRAMMATICAL CATEGORY OF BALLOON PAYMENT

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Balloon payment is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES BALLOON PAYMENT MEAN IN ENGLISH?

Balloon payment mortgage

A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity. The final payment is called a balloon payment because of its large size. Balloon payment mortgages are more common in commercial real estate than in residential real estate. A balloon payment mortgage may have a fixed or a floating interest rate. The most common way of describing a balloon loan uses the terminology X due in Y, where X is the number of years over which the loan is amortized, and Y is the year in which the principal balance is due. An example of a balloon payment mortgage is the 7-year Fannie Mae Balloon, which features monthly payments based on a 30-year amortization. In the United States, the amount of the balloon payment must be stated in the contract if Truth-in-Lending provisions apply to the loan. Because borrowers may not have the resources to make the balloon payment at the end of the loan term, a "two-step" mortgage plan may be used with balloon payment mortgages.

Definition of balloon payment in the English dictionary

The definition of balloon payment in the dictionary is a large payment that concludes a series of smaller payments, for example in order to repay a loan.

WORDS THAT BEGIN LIKE BALLOON PAYMENT

ballocks
ballon
ballon d´essai
ballonet
ballons d´essai
balloon
balloon loan
balloon sail
balloon sleeve
balloon tyre
balloon vine
balloon-like
ballooning
balloonist
ballot
ballot box
ballot paper
ballot rigging
ballot-box stuffing
ballotee

WORDS THAT END LIKE BALLOON PAYMENT

advance payment
advertisement
debt repayment
deployment
down payment
employment
enjoyment
loan repayment
method of payment
mortgage payment
natural rate of unemployment
overpayment
payment
prepayment
re-employment
repayment
self-employment
stop payment
transfer payment
underpayment
unemployment

Synonyms and antonyms of balloon payment in the English dictionary of synonyms

SYNONYMS

Translation of «balloon payment» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF BALLOON PAYMENT

Find out the translation of balloon payment to 25 languages with our English multilingual translator.
The translations of balloon payment from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «balloon payment» in English.

Translator English - Chinese

气球付款
1,325 millions of speakers

Translator English - Spanish

pago global
570 millions of speakers

English

balloon payment
510 millions of speakers

Translator English - Hindi

बैलून भुगतान
380 millions of speakers
ar

Translator English - Arabic

دفع البالون
280 millions of speakers

Translator English - Russian

единовременный платеж
278 millions of speakers

Translator English - Portuguese

pagamento de balão
270 millions of speakers

Translator English - Bengali

বেলুন পেমেন্ট
260 millions of speakers

Translator English - French

paiement de ballon
220 millions of speakers

Translator English - Malay

Bayaran belon
190 millions of speakers

Translator English - German

Ballon Zahlung
180 millions of speakers

Translator English - Japanese

バルーン支払い
130 millions of speakers

Translator English - Korean

풍선 지불
85 millions of speakers

Translator English - Javanese

Balon pembayaran
85 millions of speakers
vi

Translator English - Vietnamese

thanh toán khí cầu
80 millions of speakers

Translator English - Tamil

பலூன் கட்டணம்
75 millions of speakers

Translator English - Marathi

बलून देयक
75 millions of speakers

Translator English - Turkish

balon ödeme
70 millions of speakers

Translator English - Italian

pagamento palloncino
65 millions of speakers

Translator English - Polish

płatność balon
50 millions of speakers

Translator English - Ukrainian

одноразовий платіж
40 millions of speakers

Translator English - Romanian

plată balon
30 millions of speakers
el

Translator English - Greek

πληρωμή μπαλόνι
15 millions of speakers
af

Translator English - Afrikaans

ballon-betaling
14 millions of speakers
sv

Translator English - Swedish

ballong betalning
10 millions of speakers
no

Translator English - Norwegian

ballong betaling
5 millions of speakers

Trends of use of balloon payment

TRENDS

TENDENCIES OF USE OF THE TERM «BALLOON PAYMENT»

The term «balloon payment» is quite widely used and occupies the 35.946 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
84
/100
The map shown above gives the frequency of use of the term «balloon payment» in the different countries.
Principal search tendencies and common uses of balloon payment
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «balloon payment».

FREQUENCY OF USE OF THE TERM «BALLOON PAYMENT» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «balloon payment» during the past 500 years. Its implementation is based on analysing how often the term «balloon payment» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about balloon payment

EXAMPLES

10 ENGLISH BOOKS RELATING TO «BALLOON PAYMENT»

Discover the use of balloon payment in the following bibliographical selection. Books relating to balloon payment and brief extracts from same to provide context of its use in English literature.
1
Quicken 2012 For Dummies
a 30-year term, but the loan may require a balloon payment at the end of 7 years. In that case, type 7 in the Original Length text box. 7. Indicate how often the bank calculates loan interest. Use the Compounding Period text box to specify how ...
Stephen L. Nelson, 2011
2
Kiplinger's Personal Finance
In a balloon-payment loan contract, a borrower agrees to make a lump-sum payment of the loan balance at the end of a certain period, typically two to ten years. In the meantime, periodic payments are set up as if the loan were going to run for ...
3
The Handbook of Commercial Mortgage-Backed Securities
Whereas the scheduled principal and interest during the term of the loan is paid from the cash flow generated by the property, the balloon payment is usually made by refinancing the mortgage. This event can cause financial stress to the ...
Frank J. Fabozzi, CFA, David P. Jacob, 1998
4
The Code of Federal Regulations of the United States of America
In programs where te occurrence of a balloon payment is pos- ble, the creditor must disclose the possibil- y of a balloon payment even if such a pay- ent is uncertain or unlikely. In such cases, le disclosure might read, "Your minimum ayments ...
5
Real Estate Principles
The final payment is called a balloon payment. The term loan described at the beginning of this chapter is a type of balloon loan. Partially amortized loans, discussed next, are another type of balloon loan. In tight money markets, the use of ...
Charles J. Jacobus, 2009
6
Modern Real Estate Practice in Texas
Balloon Payment When a mortgage or deed of trust loan requires periodic payments that will not fully amortize the amount of the loan by the time the final payment is due, the final payment is larger than the others. This is called a balloon ...
Cheryl Peat Nance, 2003
7
SAS/ETS 12.1 User's Guide:
The balloon payment loan is defined by the following BALLOON statement: proc loan start=1998:12; balloon amount=100000 rate=7.5 life=180 balloonpayment=( 15=2000 48=1000) label = 'BANK2, with Balloon Payment'; run; List of Balloon ...
SAS Institute, 2012
8
Code of Federal Regulations, Title 12, Banks and Banking: ...
For calculational purposes, when a loan prepays in full the amount specified in the Amortization Schedule is counted as Scheduled Principal, and the rest is Prepayment Principal. For a Balloon Loan, the final Balloon Payment includes the ...
‎2011
9
Your Limited Liability Company
Next, figure the amount of the balloon payment to be added to the last installment payment—this will be the principal balance owed on the note on this date. easy way to find the remaining principal balance ReSOURCe Find a remaining loan ...
Anthony Mancuso, 2013
10
CAIA Level I: An Introduction to Core Topics in Alternative ...
A further mortgage variation is a loan that includes some form of balloon payment . A balloon payment is a large scheduled future payment. Rather than amortizing a mortgage to $0 over its lifetime (e.g., 25 years), the mortgage is amortized to ...
CAIA Association, Mark J. P. Anson, Donald R. Chambers, 2012

10 NEWS ITEMS WHICH INCLUDE THE TERM «BALLOON PAYMENT»

Find out what the national and international press are talking about and how the term balloon payment is used in the context of the following news items.
1
Dan Gilbert Still Fighting Charges that Quicken Was Subprime …
Quicken was found to have slapped a balloon payment of $107,000 on the end of a $145,000 loan, after 30 years. And Quicken issued that ... «The Nonprofit Quarterly, Jul 15»
2
How can an older nurse, terminated from a former position, find a …
I lost my house I purchased in 1993 to foreclosure because of a balloon payment I was not aware of until the loan matured. I didn't have the ... «Nurse.com, Jul 15»
3
funding a used aston- how do fund yours?
At the end of the term there is a balloon payment before you own the car. It is the most expensive way to do this, but the most affordable in terms ... «Pistonheads.com, Jul 15»
4
Downtown Jefferson landmark's facade makes history with facelift
... allows principal payments to be deferred up to 10 years or until the sale of the building, when that amount comes due in a balloon payment. «Daily Union, Jul 15»
5
Warriors, Draymond Green break off talks ... in hindsight, we should …
If a team is facing a luxury tax, that balloon payment might scare it off. ButGreenhas three years under his belt so the GilbertArenas provision ... «Chico Enterprise-Record, Jul 15»
6
Pinewood case's next stop may be Minnesota Supreme Court
In April 2013, the city sought to renegotiate the final balloon payment by proposing an amendment to the contract for deed that would have ... «Star News, Jul 15»
7
Box Ships Enters Financial Deal
Following this extension, the balloon amount of $10 million is repayable in 8 equal quarterly installments of $250,000 plus a balloon payment of ... «MarineLink, Jul 15»
8
PrimaHealth Credit CEO has plan to treat medical financing shortfall
What some providers do is charge $50 each month with a $600 balloon payment at the end. Should the borrower be unable to repay the full ... «Bankless Times, Jul 15»
9
Box Ships extends loan
Box Ships struck a deal with ABN Amro Bank to push back a balloon payment on a credit facility by two years as it inked a term charter for two ... «TradeWinds, Jul 15»
10
Heavily in debt, Newseum considered risky strategy to improve …
Investors would provide capital upfront at a below-market interest rate, but the museum would need to make a large “balloon payment” at the ... «Washington Post, Jul 15»

REFERENCE
« EDUCALINGO. Balloon payment [online]. Available <https://educalingo.com/en/dic-en/balloon-payment>. May 2024 ».
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