Balloon Loan

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Balloon Lease Definition Deeper definition. An open-end car lease is one of the most common types of rental agreements. At the end of the agreed upon lease period, the lessee must make a balloon payment that is the difference between the fair market value of the asset and the residual value of the vehicle. Most often, an open-end lease, also called a finance lease,

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Definition Balloon Payment Balloon Loan: A balloon loan is a type of loan that does not fully amortize over its term. Since it is not fully amortized, a balloon payment is required at the end of the term to repay the.

Loughran joins from Red Ventures, where he was President of Bankrate.com. He will be based in Atlanta and report directly to.

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