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.

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References in periodicals archive ?

In 2016, the Bulletproof Vest Partnership disbursed more than $18.

Federal Money Goes To A Company With A Reputation For Fraud

4033, the Bulletproof Vest Partnership Grant Act of 2000, would provide $50 million in grants to state and local law enforcement agencies each year and ensure that more grants are made available to smaller jurisdictions with populations of 100,000 or less.

House Panel Passes Plan for Bullet-proof Vests for Police

Armstrong says he wanted to show appreciation for the risks police officers face -- and encourage more cops to wear bulletproof vests.

Drawing support

They wore bulletproof vests over their jackets, and two of them smelled strongly of liquor.

Witness to Yeltsin's coup

They hit Andres twice in the chest but he was saved by his bulletproof vest.

2 dead in 'Upper Barrel'

The Texas House on Tuesday gave an initial OK to a Senate bill that would supply officers on patrol across the state with bulletproof vests.

Texas House passes bill to outfit officers with bulletproof vests

Several bulletproof vests, one teargas firing gun, two SMGs, one hand gun, several bullets and a bottle of alcohol were recovered from Gandapur's vehicle, sources said.

Islamabad police seize arms from PTI leader's vehicle outside Bani Gala

A PAKISTANI cafe boss yesterday claimed death threats from religious extremists had forced him to wear a bulletproof vest.

FANATICS THREATENED TO KILL ME OVER BOOZE; Pakistani businessman forced to wear bulletproof vest after death threats from Islamic extremists: EXCLUSIVE

A BOY of 14 was wearing a bulletproof vest and carrying a knife when gardai stopped the car he was driving, a court heard.

Boy, 14, had bulletproof vest & knife; COURTS

The program, launched by the Department of Justice, was authorized by the Bulletproof Vest Grant Partnership Act of 1998.

Monies for Bulletproof Vests Available to Local Governments

3 Various terms, such as bulletproof vest, bullet resistant vest, body vest, and body armor, describe a garment specifically designed to protect the wearer from firearm projectiles.