balloon mortgage — see mortgage Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. balloon mortgage n … Law dictionary
balloon mortgage — A mortgage loan with a balloon payment. Typically, the balloon payment is due 10 or 15 years after the loan is made. American Banker Glossary * * * balloon mortgage balloon mortgage ➔ mortgage1 * * * balloon mortgage UK US noun [C] FINANCE ► a… … Financial and business terms
balloon mortgage — A mortgage in which one or more large payments may be made as part of the repayment profile; it is also called a non amortizing mortgage. With a balloon mortgage a lump sum often has to be repaid at the end of the term to cover the remaining debt … Big dictionary of business and management
balloon mortgage — bal loon ,mortgage noun count AMERICAN a MORTGAGE that you pay back in regular small payments with one large final payment, which is called a balloon payment … Usage of the words and phrases in modern English
balloon mortgage — /bəˌlu:n mɔ:gɪdʒ/ noun US a mortgage where the final payment (called a ‘balloon payment’) is larger than the others … Dictionary of banking and finance
balloon mortgage — A mortgage providing for specific payments at stated regular intervals, with the final payment considerably more than any of the periodic payments … Black's law dictionary
balloon mortgage — A mortgage providing for specific payments at stated regular intervals, with the final payment considerably more than any of the periodic payments … Black's law dictionary
balloon mortgage — … Useful english dictionary
mortgage — mort·gage 1 / mȯr gij/ n [Anglo French, from Old French, from mort dead (from Latin mortuus ) + gage security] 1 a: a conveyance of title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or… … Law dictionary
mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… … Black's law dictionary
