Balloon Loan
Definition of "Balloon loan"
Loan having the last payment either (1) more than twice the amount of any other payment, or (2) a payment arising from the lenders call provision. The term loan (or straight loan) is a form of balloon loan. See also balloon.
Popular Real Estate Terms
The meaning of a guarantee covers a legal and financially-binding agreement signed between three parties involved in real estate or financial transactions. In this document, typically ...
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Giving of a promise or guarantee to the receiver to instill confidence. ...
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