Balloon - Law Dictionary Search Results
Home Dictionary Name: balloonballoon
balloon : being or having a final installment that is much larger than preceding ones in an installment or term loan [a payment] NOTE: In contrast to an amortized loan, a balloon loan is generally repaid in periodic payments of interest and a large, lump sum payment of principal at the end of the term. ...
balloon payment
balloon payment the final lump sum payment due at the end of a balloon mortgage. Source: U.S. Department of Housing and Urban Development ...
Ballooning
The art or practice of managing balloons or voyaging in them the sport of riding in balloons...
balloon loan or mortgage
balloon loan or mortgage a mortgage that typically offers low rates for an initial period of time (usually 5, 7, or 10) years; after that time period elapses, the balance is due or is refinanced by the borrower. Source: U.S. Department of Housing and Urban Development ...
balloon mortgage
balloon mortgage see mortgage ...
Ballooned
Swelled out like a balloon...
Ballooner
One who goes up in a balloon an aeumlronaut...
Pilot balloon
A small unmanned balloon sent up to indicate the direction of air currents...
VerbarMontgolfier
A balloon which ascends by the buoyancy of air heated by a fire a fire balloon so called from two brothers Stephen and Joseph Montgolfier of France who first constructed and sent up a fire balloon...
Aircraft
Aircraft, See AERIAL NAVIGATION ACTS.Includes aeroplanes, balloons, kite balloons, airships, gliders or other machines for flying. [Air Force Act, 1950 (45 of 1950), s. 4 (ii)]Means any machine which can derive support in the atmosphere from the reactions of the air, other than the reactions of the air against the earth's surface, and includes balloons, whether fixed or free, airships, kites, gliders and flying machines. [Explosives Act, 1884 (4 of 1884), s. 4 (a)]...
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