HomeSite MapCompareFinanceDebtCasino Balloon paymentThe mortgage definition for Balloon payment:The final lump sum payment due at the end of a balloon mortgage. Similar MatchesBalloon mortgageBalloon mortgageA mortgage in which monthly installments are not large enough to repay the loan by the end of the term. As a result, the final payment due is the lump sum of the remaining principal. Click to compare definitions of Balloon payment Click to view definitions beginning ba |