balloon payment

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Related to Bullet payment: balloon payment, Bullet loan

balloon payment

n.
A final loan payment that is significantly larger than the payments preceding it.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

balloon payment

n
(Banking & Finance) a large payment that concludes a series of smaller payments, for example in order to repay a loan
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
Instrument is unsecured, non-convertible and redeemable at maturity date in bullet payment. The proceeds of the issue will be utilized for KE's working capital requirements.
Other than that, the company has another P31 billion worth of loans that are set for regular amortization as well as bullet payment.
However, companies that require long-term financing may face challenges matching funding tenors with their cash flows as bank loans usually require amortisation after a short grace period compared with the bullet payment structure of bonds.
The facility has a bullet payment at maturity, said a statement from ENBD.
The country's vulnerability could intensify given the upcoming bullet payment for its Eurobonds and other commercial syndicated loans," says the report.Dairy firms battle it out as milk dries up figure A fierce battle for control of the increasingly lucrative dairy industry is shaping up, with the recent "merger" between Brookside Dairy and one-time bitter rival Spin Knit Dairy a company which, however, has significantly been losing market share being the latest manifestation.
The PML-N- government carried out the largest such 'bullet payment' to retire the debt in one go and vowed to ensure they would not allow its resurgence, only to leave behind an even larger mountain of circular debt.
The issue entails bullet payment at maturity and has a profit rate of 6 month KIBOR plus 125bps.
Half of the total debt facility is repayable in a bullet payment after five years, while the rest is amortized over eight years.
The proposed debentures will have a three-year tenor, with principal repayment as a bullet payment on maturity.
In 2010 the union engineered a one-off bullet payment from cash reserves to reduce its stadium-related debt from pounds 32m to pounds 25m.
Overview of Syndicated Loan Agreements (a) New term loan agreement (1) Loan type: Term loan by method of syndication (2) Agreement date: September 27, 2011 (3) Loan amount: 10 billion yen (4) Execution date: September 30, 2011 (5) Use of funding: Business funding (6) Loan term: Three years (7) Method of repayment: Bullet payment (8) Arranging bank: The Bank of Tokyo-Mitsubishi UFJ, Ltd.
So, it is a bullet payment on the happening of an event or the occurrence of a particular critical illness.