balloon payment

基本解释

Balloon Option An option for which the notional payments increase significantly after a set threshold is broken.
气球型期权名义付款额在达到若干标准后提高的期权。
As the rates rose, people who had taken on balloon-style mortgages - thinking they could easily pay the initial rate - found their payments being increased and suddenly ... they couldn't pay.
当利率上涨时，采取了气球式抵押贷款的人们，虽然在开始时可以轻松支付利息，发现支出在不断增加，突然，他们不再支付得起贷款本息了。
Back then, 85 percent of commercial-bank mortgages were for terms of only three or four years and were not fully amortized, ending instead with balloon payments that usually required refinancing.
那时候，85%的商业银行按揭期限只有3、4年，而且并未严格执行分期偿还，贷款者只是在期末偿付特大金额的款项遗弃抵债，这样做通常需要再行筹资。

In Congress, a predatory-lending bill sponsored by Senator Paul Sarbanes would prohibit balloon payments, among other things, in which the bulk of a loan is left unpaid at maturity, often without the full understanding of the borrower who then cannot repay.
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Instead, they entail a series of balloon, as in big, payments.
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Example: Lenders could face liability for pushing balloon mortgages to retirees living on a fixed income, or for committing debt-laden borrowers to loans with monthly payments that exclude taxes and insurance.
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a large payment that concludes a series of smaller payments, for example in order to repay a loan