You know exactly how much cash value will accrue at specified time intervals. (growingfamilybenefits.com)
With a balloon payment, it means that you will have to pay a lump sum of money at specified times during the life of the loan or at the end of the loan. (mortgagecalculator.biz)
Keep in mind that purchase options can be made only at specified times for certain events such as marriage or the birth or adoption of a child. (bestchoicelifeinsurance.com)