BULLET BOND
\bˈʊlɪt bˈɒnd], \bˈʊlɪt bˈɒnd], \b_ˈʊ_l_ɪ_t b_ˈɒ_n_d]\
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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.
By Henry Campbell Black
