balloon payment
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balloon payment
Where it comes from
So called because the debt becomes inflated like a balloon as a result of the compound interest accumulating on the large sum.
noun balloon payments
-
An unusually large payment due at the end of the term of a loan agreement.
Similar: lump sum
Talk about this word "balloon payment." Wiktionary, via Micwyn, micwyn.com/word/balloon%20payment. Accessed 6 Nov. 2026. balloon payment. (n.d.). In Wiktionary, via Micwyn. Retrieved November 6, 2026, from https://micwyn.com/word/balloon%20payment "balloon payment." Wiktionary, via Micwyn. Accessed November 6, 2026. https://micwyn.com/word/balloon%20payment.Cite this
@misc{balloon_payment_2026,
title = {balloon payment},
howpublished = {Wiktionary, via Micwyn},
year = {2026},
url = {https://micwyn.com/word/balloon%20payment},
urldate = {2026-11-06}
}
