balloon payment
noun
US
: a final payment that is much larger than any earlier payment made on a debt
They agreed to pay $1,000 a year for five years and then make a balloon payment of $50,000 at the end of the term.
Examples of balloon payment in a Sentence
Recent Examples on the Web
That balloon payment is only in the deal to artificially inflate his average salary.
—
Omar Kelly, Miami Herald, 3 June 2024
After making a final $10 million balloon payment in 2029, the Broomfield Urban Renewal Authority will have spent a total of $135 million on the project.
—John Aguilar, The Denver Post, 21 Jan. 2024
In San Francisco, the Hyatt Regency Downtown SOMA hotel’s owner missed a balloon payment on a $250 million loan in recent days.
—George Avalos, The Mercury News, 9 Jan. 2024
The principal amount borrowed would come due in a balloon payment on the loan’s maturity date, in December 2004.
—Jo Becker, New York Times, 25 Oct. 2023
The buyer makes smaller monthly payments leading up to the final balloon payment.
—Jim Slavik, Car and Driver, 21 June 2023
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Omar Kelly, Miami Herald, 3 June 2024
After making a final $10 million balloon payment in 2029, the Broomfield Urban Renewal Authority will have spent a total of $135 million on the project.
—John Aguilar, The Denver Post, 21 Jan. 2024
In San Francisco, the Hyatt Regency Downtown SOMA hotel’s owner missed a balloon payment on a $250 million loan in recent days.
—George Avalos, The Mercury News, 9 Jan. 2024
The principal amount borrowed would come due in a balloon payment on the loan’s maturity date, in December 2004.
—Jo Becker, New York Times, 25 Oct. 2023
The buyer makes smaller monthly payments leading up to the final balloon payment.
—Jim Slavik, Car and Driver, 21 June 2023
Dictionary Entries Near balloon payment
Cite this Entry
“Balloon payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/balloon%20payment. Accessed 21 Nov. 2024.
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