When a note is to be paid in regular payments but also includes a final payment more than double the regular payments, the note is called:

Question

Quizplus · Accepted Answer

The correct term for a note that includes a final payment significantly larger than the regular payments is a "balloon note" or "balloon payment note," which is not listed among the provided options. Therefore, none of the given choices accurately describe this type of note.

When a Note Is to Be Paid in Regular Payments