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Từ vựng:

balloon payment

Giải nghĩa:

/bəˈlun ˈpeɪmənt/ – Phrase


Definition: Thanh toán cuối cùng lớn.

A more thorough explanation: a large one-time payment due at the end of a loan which has otherwise been repaid in small regular payments made over a certain period of time

Example: Most consumers with a balloon note refinance their loan before the final balloon payment becomes due.