Balloon payment

From ACT Wiki
Revision as of 15:03, 15 May 2014 by imported>Doug Williamson (Expand wording to incorporate contract purchase arrangements. Source: The Treasurer, May 2015, p33, Paul Lippitt, "Funding the Fleet".)
Jump to navigationJump to search

A final payment under a loan, bond or other financing arrangement which is substantially larger than any previous payment.

See also