maturity within a serial issue of securities (usually the last maturity) that contains a disproportionately large percentage of the principal amount of the issue.  The payment of the balloon may be contingent upon or presume some form of refinancing or other event.  Compare:  BULLET; TERM BONDS.   See:  SERIAL BONDS.
                                                            
                                                     
                        
                                                
                        
                        
                            A repayment schedule for an issue of bonds in which a large number of the bonds come due at the same time, typically the final maturity date.
                                                            
                                                     
                        
                                                
                        
                        
                            A type of repayment schedule used for bond issues in which a large number of the bonds come due at the same time, typically the final maturity date.
                                                            
                                                     
                        
                                                
                                                     
                        
                        
                            Any large principal payment due at maturity for a bond or loan with or without a sinking fund requirement.
                                                            
                                                     
                        
                                                
                        
                        
                            A type of maturity schedule for an issue of bonds that shows a relatively small number of bonds maturing serially (each year) and a large number maturing in a later year. Also known as "Serial with Team Maturity".
                                                            
                                                     
                        
                                                
                        
                        
                            The last bonds of an issue maturing in a substantially larger amount than those of earlier maturities.
                                                            
                                                     
                        
                                                
                        
                        
                            An inordinately large amount of bond principal maturing in any single year. This is also referred to as a Term Bond.