Balloon Mortgage Definition

noun

A short-term mortgage in which small periodic payments are made until the completion of the term, at which time the balance is due as a single lump-sum payment.

American Heritage

abbreviations Real Estate Abbreviations
abbreviations Financial Abbreviations: General, Banking and Stocks
grammar Due to vs. Because of: Distinctions and Proper Use
grammar Adjective Quizzes: Printables to Practice the Essentials
examples Examples of Convection
examples May We Introduce You to the Phobias You Didn't Know You Already Had?

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Balloon Mortgage Definition

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Words Near Balloon Mortgage in the Dictionary