Balloon maturity


Any large principal payment due at maturity for a bond or loan with or without a sinking fund requirement.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Bank anticipation notes (BAN)

Notes issued by states and municipalities to obtain interim financing for projects that will eventually be funded long term through the sale of a bond issue.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!

Create your free portfolio