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Home > Terms > English, UK (UE) > Bullet loan
Bullet loan
In banking and finance, a bullet loan is a loan where a payment of the entire principal of the loan, and sometimes the principal and interest, is due at the end of the loan term. Likewise for bullet bond. A bullet loan can be a mortgage, bond, note or any other type of credit.
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- Part of Speech: noun
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- Industry/Domain: Financial services
- Category: Accountancy
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