Tag: Payment

February 13, 2020

Balloon Payment

What is the definition of a Balloon Payment?DefinitionA balloon payment is a financial term used to describe the lump sum payment attached to a loan, mortgage, or commercial loan. This payment is...

February 11, 2020

Balance of Payments (BOP)

What is the definition of Balance of Payments (BOP)?DefinitionBalance of Payments (BOP), also known as balance of international payments, is a record of all the financial transactions and interna...