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A balloon payment (Points : 4) is an upfront payment to obtain a loan. is due when a loan comes due. may be due at any time during the term of a loan. is used to lift (remove) a loan covenant.
A balloon payment is due when a loan comes due.
emdjay23|Points 29090|
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Asked 2/20/2015 7:04:54 PM
Updated 2/21/2015 5:41:01 AM
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This answer has been confirmed as correct and helpful.
Edited by jeifunk [2/21/2015 5:41:01 AM]
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