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Question added by Mubasshir Hasan Madni Finance Manager TECHNICAL VEINS CONT. EST.
9 years ago
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Question added by Abhi Sen Gupta Head - Alliance & Partner Relations Quess Corp Limited
7 years ago
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Question added by alinani kauseni
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Answer added by  Hameed Owoyemi, Financial Accountant, Havilah Merchants Nigeria Limited
8 years ago

A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity. The final payment is called a ba ... See More

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Answer added by  sulaiman muhammad shah fatmi fatmi, accounts officer, Hussain Enterprises
9 years ago

An oversized payment due at the end of a mortgage, commercial loan or other amortized loan. Because the entire loan amount is not amortized over the life of the loan, t ... See More