BALLOON PAYMENT
An enormous payment owed at the end of a commercial loan, mortgage or other amortized loan. Because the whole loan amount is not amortized within the span of the loan, the balance left will be due as a last repayment to the lender.
Balloon payments are usually pre-packaged as "two-step mortgages." In this kind of mortgage, a balloon payment will be provided into a continuing or new amortized mortgage at existing market rates.
Balloon payments can happen within an adjustable-rate mortgage (ARM) or at a fixed rate.
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| Time | Country | Indices | Period |
|---|---|---|---|
| 11:00 | Ifo Business Climate Index | Jan | |
| 11:00 | Ifo Current Assessment | Jan | |
| 11:00 | IFO - Expectations | Jan | |
| 15:30 | Durable Goods Orders | Nov | |
| 16:00 | NBB Business Climate | Jan | |
| 01:50 | Corporate Service Price Index | Dec | |
| 02:01 | BRC Shop Price Index | Jan | |
| 02:30 | NAB Business Confidence | Dec | |
| 04:00 | Credit Card Spending | Dec |
