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   

Power of Attorney Petition Bank Reconciliation
FAQ Killer bee Value billing
Service mark European Court of Justice Cost of Capital
BTI Drop Catch Capsizing
Deemed domicile Uuencode Administrator
Double Deflation APACS Uxor
Refer to drawer JCCC In company Training
Qualifying share Digital Certificate Writ of Execution
Horizontal integration Yankee market Call Option
Group Registration Adultery - Legal Yuan
Closed Economy Proprietor EBITDA
Kaffirs In pleno Earning asset
Warrant Trade discount Alternate bid

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.