Balloon payment: Difference between revisions
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imported>Doug Williamson (Expand wording to incorporate contract purchase arrangements. Source: The Treasurer, May 2015, p33, Paul Lippitt, "Funding the Fleet".) |
imported>Doug Williamson (Add example.) |
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A final payment under a loan, bond or other financing arrangement which is substantially larger than any previous payment. | A final payment under a loan, bond or other financing arrangement which is substantially larger than any previous payment. | ||
A common example is a contract purchase arrangement. | |||
== See also == | == See also == | ||
* [[Amortisation]] | * [[Amortisation]] | ||
[[Category:Long_term_funding]] | |||
Latest revision as of 16:08, 27 August 2020
A final payment under a loan, bond or other financing arrangement which is substantially larger than any previous payment.
A common example is a contract purchase arrangement.
