balloon
noun [ C ]
FINANCE uk/bəˈluːn/ usa type of loan that is paid back in regular small payments with a final larger payment:
What we're seeing are interest-only, balloon mortgages with no money down.
Only select a balloon over an adjustable rate mortgage if you are sure that you will be able to meet the final payment.
a balloon payment :
Some borrowers may not be informed that balloon payments lurk ahead.
balloon
verb [ I ]
uk/bəˈluːn/ usto quickly increase in size or importance:
The decline in sales to America caused the goods trade deficit to balloon to a record £4 billion.