Business Terms and Jargon Explained

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.

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Patentability Share Capital Application
Income Protection Policy Insolvency EAT
Warrant Pro tanto LIBO
Bank Statements Outside The Scope Cross training
Philanthropy Default risk Warrant of distress
Nominated court Bespoke Retail Scheme Proof of Concept
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Txid Free Trade Flowchart
HR Garage Sale Per curiam
Surplus AVC Lord Chief Justice
Tenant At Will Financial Auxiliaries Old Lady of Threadneedle Street
Illegal per se Quorum Fiscal Flexibility
Website terms of use Promotion Natural Person

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

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