HR-XML 3.0 Standards, 2009 September 23.
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Element: BalloonPaymentAmount
| Name | BalloonPaymentAmount |
|---|---|
| Type | oa: AmountType |
| Documentation | The amount of any required balloon payment included in the loan repayment terms. A balloon payment is a large, lump-sum payment scheduled at the end of a series of considerably smaller periodic payments. A balloon payment may be included in the payment schedule for a loan, lease, or other stream of payments.Balloon payments often are scheduled due upon maturity. A balloon loan will often have the advantage of very low interest payments, thus requiring very little capital outlay during the life of the loan. |
XML Instance Representation
<BalloonPaymentAmount> oa:
AmountType </BalloonPaymentAmount>
Schema Component Representation