balloon loan
loan with large final payment a loan repaid in regular installments with a single larger final payment including interest
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loan with large final payment a loan repaid in regular installments with a single larger final payment including interest
against default went up more than thirteen-fold in 2008, to an astonishing 31% of the amount of debt protected. Aggressive lending by banks that borrowed heavily from abroad has contributed to Ukraine’s ballooning private-sector external debt. Official figures indicate that only some 2.5% of loans
In 2008, as global economies slowed, and oil and food prices rose, the nation’s foreign-exchange reserves dwindled, while the rupee came under pressure, losing 24% of its value in the first half of the year. As foreign debt ballooned because of the plunging currency, the central bank was forced
in India are used to fuel greater investment through a reasonably efficient banking system. The banking sector is sound, notably so in the present global financial context, with a 74% loan-to-deposit ratio (compared with 130–140% for Korean banks, for instance) and capital adequacy ratios that are generally above 10
By Maya Bhandari
’s National Debt Office said that it expected the country’s budget deficit to balloon to SEK135 billion (US$14.7 billion) in 2009, just one year after posting a SEK135 billion surplus.
Definitions of ’balloon loan’ and meaning of ’balloon loan’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’balloon loan’ and other financial terms with our online QFINANCE Financial Dictionary.