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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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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