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

法律翻译Iris，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与资本市场有关的法律文件。