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Balloon maturity

• Any large principal payment due at maturity for a bond or loan with or without a a sinking fund requirement.

 
 Embedded terms in definition
 Bond
Maturity
Principal
Sinking fund requirement
Sinking fund
Without
 
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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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