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   

Public corporations Custody time limit Simple Interest Critical Path
Deadline Hryvnia Job-ready Ask
Buy To Let Automatic trade Volens Creative Commons
Optimist Kroon Kilowatt hours (kWh) Applet
Loan Chief Rent Pataca Bullionism
Peer Gross value added - GVA Earned value Analysis Bluetooth
Watering Stock Crowding Out Public trustee Make waves
Money Transfer Abroad Default Surcharge Fixed Assets Hidden Economy
Cyberspace Law Lord Gourde Base Rate
Copyright Tribunal Adhocracy Perjury Unitholder

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.