bullet loan


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Bullet loan

A bank term loan that calls for no amortization.

bullet loan

A loan with a 5- to 10-year term,no amortization,and the entire principal balance due at the end.

References in periodicals archive ?
s banking department what the market rate was for a 15-year bullet loan.
A final agreement, encompassing a 5-year bullet loan along with an 8-year amortizing facility, is set to be signed on the 4th of December 2011.
The five-year bullet loan, which is due to be signed next year, will pay a, so- called, all-in fee of 100 basis points over benchmark rates, the report said.
The repayment schedule for each bullet loan has been structured as follows:
However, formula (5), like Ohlin's formulation, does not also deal with the case of a bullet loan, i.
5 A bullet loan is a loan where a payment of the entire principle of the loan is due at the end of the loan term, while the interest payments are paid at defined installments during the term of the loan.
FIBI") to extend the maturity of Koor's $77 million (NIS 363 million) long-term bullet loan by one year, until December 2005.
Approximately $99 million of debt at the holding company level was repaid and the remaining $100 million was recently refinanced through a three year bullet loan at very attractive spreads over LIBOR (2.
80 million (NIS 340 million) short-term credit to the Bank into a 3-Year long-term Bullet loan.
The loan, which was taken on in USD and Euros, is split into three tranches, two of which of USD300 million, one for 5 years repayable from year 3, and a 5-year bullet loan, and the third tranche as a 7-year bullet loan.
The corporate borrowing is a five year bullet loan that can be prepaid at the company's option.
The Company signed a three-year bullet loan with quarterly interest payments at a rate of Libor +2.