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bullet loan

   Also found in: Wikipedia 0.01 sec.
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.



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Second, the initial wave of major refinancing activity needed to bail out the short-term bullet loans issued at the peak of the market will start coming due over the next two years.
Rozga agrees with Levy that not many 10-year bullet loans are coming due in 2002 but more are expected in 2003, providing a stimulus for refinancing and more transaction activity on the acquisition side.
According to a recent Goldman Sachs estimate, nearly $340 billion in bullet loans will come due for refinancing in the next few years.
 
 
 
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