HomeTermsCompareFinance Balloon PaymentThe definition for Balloon Payment:The unpaid principal amount of a loan due on a specific date in the future. Usually the amount that must be paid in a lump sum at the end of the term. Similar MatchesB Balloon NoteB Balloon NoteA note calling for periodic payments which are insufficient to fully amortize the face amount of the note prior to maturity, so that a principal sum known as a "balloon" is due at maturity. Click to compare definitions of Balloon Payment Click to view definitions beginning ba |