|Origin:||ballon 'large football, balloon', from Italian ballone 'large football', from balla 'ball'|
an object made of brightly-coloured thin rubber, that is filled with air and used as a toy or decoration for parties:
Can you help me blow up these balloons?
He burst the balloon in my face.
2TTA also hot air balloon
a large bag of strong light cloth filled with gas or heated air so that it can float in the air. It has a basket hanging below it for people to stand in.:
a balloon flight over the Yorkshire Moors
the circle drawn around the words spoken by the characters in a cartoon [= bubble]
4 American EnglishBFL
money borrowed that must be paid back in one large sum after several smaller payments have been made:
a $10,000 balloon payment due in two years
5 British English informal
used to refer to the moment when a situation starts to become really bad:
We'll have to get out of there before the balloon goes up.