Bullet loan,
Definition of Bullet loan:
Type of balloon loan in which only interest is paid for the duration of loan; the principal is paid at the end of the loan as one lump sum payment.
Meaning of Bullet loan & Bullet loan Definition
Type of balloon loan in which only interest is paid for the duration of loan; the principal is paid at the end of the loan as one lump sum payment.
Meaning of Bullet loan & Bullet loan Definition