A one-off repayment of principal on a bond or loan which has not been gradually reduced over a period of time.
Related links
+ bullet repayment
USA
Also known as a balloon repayment.
A single repayment of principal on a bond or loan on the maturity date (rather than gradually repaying the loan in installments over a period of time).
Related terms
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.