A payment that occurs after all other payments have been made and includes the entire leftover balance is called what?

The term used to describe a payment that occurs after all other payments have been made and encompasses the entire leftover balance is "Final Balloon Payment." This concept refers specifically to a sizable final payment made at the end of a loan term, which is typically larger than the preceding regular installment payments.

Understanding the terminology is crucial in financial contexts, especially in loans or mortgages. A balloon payment, in general, is one that is significantly larger than the previous installments, and it is designed to settle the remaining balance owed. The use of 'final' in "final balloon payment" indicates that this is the last payment that clears the entire debt.

The other options fail to capture this complete scenario accurately. While "Final Payment" and "End of Term Payment" suggest the completion of payments, they do not specifically indicate that the payment includes a larger remaining balance typical of a balloon payment. Simply calling it a "Balloon Payment" does not imply that it is the last payment; rather, it could refer to any large payment that comes due under a specific contractual agreement, which might not necessarily be the final payment. Thus, "Final Balloon Payment" is the most precise term for the situation described.