Business terms and jargon explained. Your business dictionary

What is Balloon Payment

Is the final payment on a lease purchase agreement you pay to own the goods. If you buy a car, the final payment means that you own the car. You may however sell the car to pay this last balloon payment. Any excess is our to keep but if there is a short fall on the amount you will have to pay the difference to the finance company.

<- Go Back
Business Terms Home page

Search jargon and terms database to learn more:-

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

Search Term   

Subscription Right European Council Pensions Ombudsman Manufacturing cell
Merit Good Click Fraud In terrorem Best Judgement Assessment
Double Deflation Sol Terms of Reference SMTP
Remortgage Administrative Court Proactive Offshore
CPEI Yuan Moving forward Tax Form - P6
Gaming Duty Res gestae Accepting house Secured creditor
Inter alia WYSIWYG Net Pay Intermediate Consumption
Non est factum Interest rate risk Easement Hardening - Systems
Executrix-dative Gratuitous Cross examination Direct Costs
Over Trading Drop Catch Statement of Account Variance

Term created / updated 2006-04-24 11:44:19

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

Copyright © 2004-2019 Scopulus Limited. All rights reserved.