Glossary of Social Science
Social Sciences My name is Léo and i am studying at the Cegep de Sherbrooke in Social Science. This is my second and last year in this program. Next year i will be at the University of Sherbrooke in Administration. My objective is to manage people personal finance. I want to work in the finance domain.This glossary is about my futur domain and what I am studying at the moment. Balloon payment loan Phrase A balloon payment is a large, single payment due at the end of a loan's term, resulting from smaller, regular payments during the loan that don't fully amortize (pay off) the principal, leaving a significant balance. Example: No example en: Prêt à remboursement forfaitaire Your browser does not support the audio element. Bankrupt adjective When a person or organization declared in law is unable to pay outstanding debts. Example: As a consequence, while wheat rots in the open...