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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Charge Certificate Affirmation Business Objects
Alternative investment Principal Nominal Damages
Bear hug N279 Civil Court form AMOGA
Forex Forced Acquisition UFT
Intranet Liquidity Ademption
OTR Price gouging House Organ
B2B Exchange Rate Gold fix
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Percentage Rent Industrial Tax Exemption Procureur
Peso PERT chart Gross Estate
Enterprise Value Peer Corporate Officers
Pre-Financing Preamble Vicarious Liability
Counsel Alib Donee

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

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