balloon note

A note requiring small periodic payments but a very large final payment.

• The periodic payments usu. cover only interest, while the final payment (the balloon payment) represents the entire principal.

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词条贡献者

译员海燕，毕业于法国顶尖的高级翻译学院，专注翻译各种与破产对抗诉讼有关的法律文件。