Balloon definition

Balloon means a non-power-driven lighter-than-air aircraft;

Balloon means a lighter-than-air aircraft which is not engine-driven and sustains flight through the use of either gas or an airborne heater. For the purposes of this Part, a hot-air airship, although engine-driven, is also considered a balloon.

Balloon means a lighter-than-air aircraft that is not engine driven and that sustains flight through the use of either gas buoyancy or an airborne heater.

Examples of Balloon in a sentence

• For purposes of the immediately preceding sentence, the Periodic Payment due on the Maturity Date for a Balloon Mortgage Loan will be the Assumed Scheduled Payment for the related Distribution Date.

More Definitions of Balloon

Balloon means a manned lighter-than-air aircraft which is not power-driven and sustains flight through the use of either a lighter-than-air gas or an airborne heater, including gas balloons, hot-air balloons, mixed balloons and, although power-driven, hot-air airships;

Balloon means a decorative inflatable device, into which a gas (typically helium) is inserted in order to cause it to rise or float in the atmosphere. (See also “Inflatable advertising device.”)

Balloon refers to a Mortgage Loan the principal of which will not fully amortize before the scheduled maturity of that Mortgage Loan.

Balloon means a non-power-driven lighter-than-air aircraft and that sustains flight through the use of either gas buoyancy or an airborne heater;

Balloon means a latex balloon 36 inches or less in diameter tethered on a cord not greater than four feet in length.

Balloon means either:

Balloon means our pre-estimate of the value of the Goods at the Expiry Date, being the amount noted in the Details;