bullet loan

bullet loan definition - business

bullet loan

A loan with no amortization. A single payment of principal and interest is due at maturity. Bullet loans are generally made with the expectation of refinancing at maturity.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.