balloon payment bullet loan


balloon payment bullet loan
loan which is initially repaid at a low rate and then comes due in one large lump sum

English contemporary dictionary. 2014.

Look at other dictionaries:

  • Bullet loan — In banking and finance, a bullet loan is a loan where a payment of the entire principal of the loan, [cite news|last=Howard|first=Bob|title=Insurers brace themselves for oncoming bullets. |Publication=Los Angeles Business Journal|date=1993 April… …   Wikipedia

  • Balloon payment — The phrase balloon payment or bullet payment refers to one of two ways for repaying a loan; the other type is called amortizing payment or Amortization (business) .With a balloon loan , a balloon payment is paid back when the loan comes to its… …   Wikipedia

  • Balloon payment mortgage — A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a balance due at maturity.Wiedemer, John P, Real Estate Finance, 8th Edition , p 109 110] The final payment is called a balloon payment …   Wikipedia

  • balloon payment — A contractually required loan payment, almost always the final payment, that is larger than the other contractually required, periodic loan payments. Results from the fact that required, periodic loan payments are too small to fully amortize the… …   Financial and business terms

  • Bullet Loan — Any loan that requires a balloon payment at the end of the term and anticipates that the loan will be refinanced in order to meet the balloon payment obligation. These loans are riskier because the homeowner s equity in the property doesn t… …   Investment dictionary

  • loan — money lent at interest.A lender makes a loan with the idea that it will be paid back as agreed and that interest will be paid for the use of the money. Glossary of Business Terms Temporary borrowing of a sum of money. If you borrow $1 million you …   Financial and business terms

  • bullet — A one time repayment, often after little or no amortization of the loan. Bloomberg Financial Dictionary See: balloon payment. Bloomberg Financial Dictionary …   Financial and business terms

  • balloon maturity — Any large principal payment due at maturity for a bond or loan with or without a sinking fund requirement. Bloomberg Financial Dictionary See bullet form. Dresdner Kleinwort Wasserstein financial glossary The last bonds of an issue maturing in a… …   Financial and business terms

  • Calendar of 2000 — ▪ 2001 January We are fortunate to be alive at this moment in history. Never before has our nation enjoyed, at once, so much prosperity and social progress with so little internal crisis and so few external threats. Never before have we had such… …   Universalium