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balloon payment
(redirected from Bullet payment)

   Also found in: Legal, Financial, Wikipedia 0.04 sec.
balloon payment,
n a final payment larger than the preceding payments when a debt is not fully amortized.


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Similar to controlled amortisation transactions, bullet payment structures feature two separate cash flow management periods.
Excluding debt service on the series 2004A bonds and amortizing the $30 million bullet payment on the series 2001B bonds (fiscal 2032) over 30 years, Fitch estimates NGF's maximum annual debt service (MADS) would be approximately $12.
The unsecured subordinated notes will mature in 2017, will accrue interest at a fixed rate and principal will be fully paid in a single, bullet payment at maturity.
 
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