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Balloon payment

• At the maturity of a loan, a large lump-sum payment representing the entire loan principal if the periodic payments represent only interest.

 
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 Interest
Maturity
Principal
 
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Getting Your Finances Ready for Your Golden Years: If you're seriously considering retirement, you also should be seriously thinking about how to ensure that your financial life is as comfortable and stress-free as possible. Here are a few tips. More...

Avoid having your ego so close to your position that when your position falls, your ego goes with it. - Colin Powell

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