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balloon payment
(redirected from Bullet payment)

    Also found in: Medical, Legal, Wikipedia 0.03 sec.
Balloon Payment
See: Bullet.
Balloon Payment
The final (large) payment that repays all the remaining principal and interest of a partially amortized or unamortized loan.
balloon payment
A final loan payment that is significantly larger than the payments preceding it. For example, a bond issuer may redeem 3% of the original issue each year for 20 years and then retire the remaining 40% in the year of maturity.
balloon payment

The full principal amount due at the end of a balloon mortgage.



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Similar to controlled amortisation transactions, bullet payment structures feature two separate cash flow management periods.
Appendix II: ABS payment structures by Jobst, Andreas A. / The Securitization Conduit
Excluding debt service on the series 2004A bonds and amortizing the $30 million bullet payment on the series 2001B bonds (fiscal 2032) over 30 years, Fitch estimates NGF's maximum annual debt service (MADS) would be approximately $12.
Fitch Rts Nelson Gallery Fndn, Missouri 2007A Rev Bnds 'AA'; Outlook ... by Business Wire
The unsecured subordinated notes will mature in 2017, will accrue interest at a fixed rate and principal will be fully paid in a single, bullet payment at maturity.
Fitch Expects to Rate Bancolombia's Planned Issue of Sub Notes 'BB' by Business Wire
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