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Vietnamese

Từ vựng:

balloon loan

Giải nghĩa:

/bəˈluːn loʊn/ – Phrase


Definition: một loại hình vay mà khoản vốn gốc được trả về ở cuối kỳ vay.

A more thorough explanation: a long term loan at low interest that, most of which is paid as one large payment due at the end of the term

Example: The original loan was a balloon loan and included a right to refinance if certain conditions were met.

 

 
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