What is partially amortized loan?
A loan whose term is shorter than its amortization schedule, so a balloon payment is due at maturity, as with a 30-year amortization schedule carrying a 10-year term (a $13.39M balloon).
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.