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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Enterprise Value Crown Copyright Waiver NAIRU
Security for Loans Charity Exemption Testacy
Sweat equity Controlling Interest BOGOFF
Bank Statements Perquisite (perk) Jus
Lobbyist Giffen goods Debenture
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Western Union CFO European Patent Office
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To adduce Advance information Standing Order
Tala MD2 Company Law
Abscond Tax Form - P14 Corporate Strategy

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

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