Bullet

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Related to bulletproof vest: Kevlar

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 periodicals archive ?
Bulletproof vest industry import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The men in bulletproof vests were followed out of the car by a man wearing the uniform of a police lieutenant colonel and carrying a large old-model army assault rifle.
Frank LoBiondo (R-2nd) has announced a new federal funding round that will provide Cape May County law enforcement officers with 113 bulletproof vests for a total $47,599.
Dad-of-two Jimshaed added: "I have to take these threats seriously and have been forced to start wearing a bulletproof vest.
The entire application and payment process for the Bulletproof Vest Partnership Program is handled online via the Internet.
So far, she has raised enough money to purchase 54 bulletproof vests, one for every active police K-9 in Maine.
Leahy said, "Today an officer's bulletproof vest is a piece of equipment as indispensable as a side arm and radio.
Each applicant may request funds to help purchase one bulletproof vest per law enforcement officer per fiscal year.
or whose vest was paid for in whole or in part by someone else, such as the Bulletproof Vest Partnership Act Program.
I HOPE the bold Bobby Williamson has a bulletproof vest when he goes to Uganda as a football manager in Kampala.
In addition, as a member of the Active Care On-Duty K-9 Feeding Program, law enforcement dogs will be automatically signed up to be awarded a free canine bulletproof vest from the funds raised from the sales of Active Care in their community.
Police officers, soldiers and even private citizens who require protection will start wearing a bulletproof vest earlier when the weight and comfort is even better than nowadays.