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 ?
Law enforcement officers deployed at train stations and inside train carriages are now equipped with pepper spray and bulletproof vests and are working in teams of two after one of their colleagues was killed by a passenger on a train Wednesday.
You would, however, be misinformed about the sequence of events leading to the other man escaping, and severely misinformed about how bulletproof vests work.
The incident called to question the safety of bulletproof vests, even those which claim to stop point-blank range shots.
The ECHO was shown James Bond-style gadgets, including encrypted phones, car trackers, watches and glasses containing hidden cameras, bulletproof vests and secret agent briefcases.
Apparently, a section of the Mumbai police and politicians in the Ashok Chavan government don't want the truth about the faulty bulletproof vests to be made public.
DO COUNCIL workers need bulletproof vests to protect them in the course of their job?
At the store, they discovered that a man had tried to rob the store and had been shot by a store clerk who was armed and wearing a bulletproof vest. The wounded robber had fled the scene, and so the police began tracking him using a canine unit.
A search of the man's luggage showed that he was carrying items including a Taser, ammunition, pepper spray, a bulletproof vest and three Geiger counters in his luggage.
I recalled a friend's joke that my getup should've come equipped with a bulletproof vest, but as it turned out, polyester was tough enough to deflect the ammunition deployed by overalls-clad members of the Iowa Pork Producers Associates: sticky slices of bologna and pimento loaf.
LARRY WALKER, Colorado outfielder, on why he wears a bulletproof vest on his civilian "ride-alongs" with the police in his spare time: "You never know when a serial killer may decide to pop by for a visit."
The House Judiciary Committee passed legislation to expend the Bulletproof Vest Partnership Act, authorizing the program though 2004.
Officer Dolan identified himself as a police officer and the subject fired on him, wounding him in the face and hitting him in his bulletproof vest. Officer Dolan returned fire and radioed a distress call to dispatch.