Comparative law notes
The term "balloon" is used without further translation in Hungary.
There are multiple definitions - click on the translation that matches your context.
- ballon törlesztés
- véglejáratos hitelvisszafizetés
- Balloon típusú fizetés
balloon payment means:
ballon törlesztés
főnév
partial
balloon payment
noun
Definitions of balloon payment
a large one-time payment due at the end of a loan which has otherwise been repaid in small regular payments made over a certain period of time
Most consumers with a balloon note refinance their loan before the final balloon payment becomes due.