Examples of Balloon Amount in a sentence
Therefore, ‘OTHR’ (representing ‘Other’) is the appropriate value to enter in this field.(b) In this case, the value ‘OTHR’ (representing ‘Other’) should be entered in the Scheduled Principal Payment Frequency field.(c) In this situation, this field should be reported as ‘MNTH’ (representing ‘monthly’) and, furthermore, the Balloon Amount field (i.e. RREL41; CRPL51; AUTL38; ESTL37, as applicable) should be completed to reflect the balloon amount.
Balloon Amount: a lump sum payment due at the end of the term of a lease.
D Net Balance Loan # D Net Balance Balloon Amount $.,......,,..,.......,....
If the aggregate amount advanced to the Borrower is less than the Maximum Loan Amount, the amount of each Repayment Instalment for each Tranche and the relevant Balloon Amount for such Tranche shall be reduced pro rata to the amount actually advanced.
This variable employed the established cut-off to create a high distress/low distress variable.