Bullet

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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 ?
As you get more saturated fat and bad cholesterol, drinking Bulletproof coffee may reduce important nutrients in the body.
The Bulletproof Select 300 Bundle includes content titles from IT, Business Skills and Productivity & Collaboration libraries while the Compliance Bundle includes topics from legal and ethics to workplace safety training.
So where can you put a security door?"Smart doors can be installed anywhere deemed sensitive from main doors to bedrooms," he says, adding that they are working on cheaper types that will not compromise on safety standards.Some customers, he added, also engage them in installing bulletproof windows in their homes.
"Bulletproof coffee is designed to be drunk on an empty stomach instead of breakfast and prior to working out as it helps to increase energy and endurance.
The minister was allotted four vehicles including bulletproof Land Cruiser, Toyota Vigo, and two Toyota Corolla 2012 model cars.
Lim, who succeeded Datuk Seri Najib Razak in the position, told news portal Malaysiakini that the bulletproof glass project was approved by the previous Barisan Nasional (BN) administration and that it was a waste of money.
La Roux has attacked the US television channel Fox Business for using her song Bulletproof in an item on backpacks designed to protect children during school shootings.
Commenting on Fazls use of a government bulletproof vehicle, Justice Nisar said the JUI-F leader is protected by many and will remain safe in the event of an attack on his person, and questioned why the JUI-F chief is using the peoples money for his personal protection.
I wish we could have bulletproof vehicles to boot but we have to live within our means, and just do our job well,' Guevarra said.
CAR chases, shoot-outs and full-on heists - up-coming Sky TV drama Bulletproof promises to be proof that high action needn't be reserved for the big screen.
The book "Knowledge is Bulletproof" will focus on their story.