A name occasionally used to describe a promissory note used for transactions that do not require any principal to be repaid until the maturity of the note. Interest is usually due periodically prior to maturity. Most often used to describe loans with time periods of at least one year. American Banker Glossary
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A bank term loan that calls for no amortization. Bloomberg Financial Dictionary
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bullet loan UK US noun [C] FINANCE
► a type of loan whose principal (= amount borrowed) must be paid in one single payment when the period of the loan ends
Financial and business terms. 2012.