Bullet


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Related to Bullet: Bullet point

Bullet

A one-time repayment, often after little or no amortization of the loan. See: Balloon Payment.

Bullet

The final, large payment a loan whereby the property owner makes only small payments for a set period of time (often five, seven or 10 years). At the end of the term, the owner repays the bullet, which is the entire principal and interest at once. For example, during the 2000s real estate bubble, balloon mortgages were common; homeowners made only interest payments followed by a bullet for the entire principal of the mortgage's maturity. Loans with bullets may be useful if the owner expects interest rates to be low at the end of the term and he/she can simply refinance the loans. However, there is a high risk of default because not all owners have the cash to repay the loan at one given time.
References in classic literature ?
we will see whether it will escape these conical bullets.
But the fact which clearly opened my eyes to the true state of the case, was the affair of the bullet, found by Mr.
They killed him with the sash," said Brown carefully; and then, as Flambeau protested: "Yes, yes, I know about the bullet.
Then you pour the powder in, and get hold of a bit of felt from some door, and then shove the bullet in.
The man that the whole force has been seeking in vain--Colonel Sebastian Moran, who shot the Honourable Ronald Adair with an expanding bullet from an air-gun through the open window of the second-floor front of No.
I thanked fate that I had not left her upon the sands of the Sahara--or put a bullet in her, as I had been tempted to do.
Bullets from the guns of the defenders who remained alive but added to the perils of their situation.
In answer to the report of the rifle I had the satisfaction of seeing the brute spring into the air, turning a complete somersault; but it was up again almost instantly, though in the brief second that it took it to scramble to its feet and get its bearings, it exposed its left side fully toward me, and a second bullet went crashing through its heart.
Just as he emerged, stepping out a pace, a rifle cracked to his right, and though he did not hear the bullet in passing, the thud of it came to his ears when it struck a palm-trunk farther on.
Out of the school perhaps he would reach a score of the leviathans, his bullets biting into them like whip-lashes, so that each, like a colt surprised by the stock-whip, would leap in the air, or with a flirt of tail dive under the surface, and then charge madly across the ocean and away from sight in a foam-churn of speed.
Ay tank you fish patrol fallers never ban so lucky as when you sail with Ole Ericsen," he was saying, when a rifle cracked sharply astern, and a bullet gouged along the newly painted cabin, glanced on a nail, and sang shrilly onward into space.
Directly behind the leader came another hatchet-man, and with the report of Sinclair's rifle both warriors lunged forward in the tall grass, pierced by the same bullet.