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.
balloon loan means:
főnév
partial
noun
The term "balloon" is used without further translation in Hungary.
a long term loan at low interest that, most of which is paid as one large payment due at the end of the term
The original loan was a balloon loan and included a right to refinance if certain conditions were met.