balloon mortgage
noun[C]
FINANCEukusatypeofmortgage(=loantobuyproperty)where thepersonorcompanyborrowinghas topayalargeamountat the end of theloanperiod:
Thecitygenerallyissuedballoonmortgagesthat wererarelyrepaidat the end oftheir30-yearterms.
| 单词 | balloon mortgage |
| 释义 | balloon mortgage noun[C] FINANCEukusatypeofmortgage(=loantobuyproperty)where thepersonorcompanyborrowinghas topayalargeamountat the end of theloanperiod: Thecitygenerallyissuedballoonmortgagesthat wererarelyrepaidat the end oftheir30-yearterms. |
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