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 ?
Last year, the then prime minister Nawaz Sharif approved the provision of bulletproof sports utility vehicles (SUVs) to all retired chief justices of the Supreme Court at public expense effective from the retirement of Justice Chaudhry.
In September last year, the auditor general of Pakistan declared that Chaudhry is not entitled to enjoy a bulletproof car's fuel and repair at taxpayers' expense while recommending the authorities to recover the amount.
Macquarie Telecom latter slammed Bulletproofs call for stockholders to reject the telecom firms $17.
I look at some of these bulletproof backpacks and wipe boards .
The federal government had filed an intra-court appeal for reclaiming the bulletproof car from the former CJP.
In the ICA, the appellants - secretary cabinet division and secretary ministry of law - said that they were not a party in the petition which led to decision of providing bulletproof car to the ex-CJP.
Conversely, proposed changes and regulative guidelines by green councils and energy cost involved in manufacturing processes for bulletproof security glass are perceived as minor growth restraints.
This report covers the present scenario and the growth prospects of the bulletproof security glass market in China for the period 2015-2019.
The new Popemobile will be an open style vehicle with no bulletproof protection.
Even in the Vatican since (his election), Pope Francis has not been using the bulletproof Popemobile," Tagle told reporters.
PARAMILITARY forces will finally have adequate bulletproof helmets as the Home Ministry, which was sitting over the proposal, has finally acted.
Like the thriving ship-breaking industry that Pakistan once had, the country is set to earn valuable foreign exchange from the lucrative export of bulletproof cars as the company manufacturing such cars has received export inquiries from as far afield as Indonesia.