A financial statement that shows assets, liabilities, and net worth as of a specific date.Balloon Mortgage
A mortgage with level monthly payments that amortizes over a stated term but also requires that a lump sum payment be paid at the end of an earlier specified term.Balloon Payment
A lump sum payment for the unpaid balance of a loan. Usually comes at the end of a loan.Before-tax IncomeIncome before taxes are deducted.
Tags: financial statement assets mortgage payment deducted loan
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