Balloon Mortgage – A primary-term fixed-rates financing that involves reduced repayments getting a certain period of time and you to definitely high fee for your amount owed in the the conclusion the loan term.
Balloon Percentage – The very last fee that is made from the maturity time out of an effective balloon home loan and you may will pay the loan in full.
Bankrupt – A person, company, or agency one, courtesy official court continuing, is alleviated on the payment of all the loans following the give-up of some or the property so you can a legal-designated trustee. (more…)