What does balloon loan mean?

balloon loan meaning in Law Dictionary

loan with a balloon repayment. It can be at the end or even the beginning of the loan. Its done whenever cash is anticipated ahead in after the mortgage.

balloon loan meaning in Business Dictionary

Loan that requires a balloon payment, typically at the end of a loan period but sometimes at the beginning. Balloon loans are arranged usually where a large inflow of cash is expected towards the end of the loan term, such as upon the completion of a contract.