A loan for which the total loan debt, i.e. the amount borrowed plus interest, is repaid at once at the end of the term. – A loan for which only the interest is payable during the term; the principal borrowed, however, is not due until the end of the term (a term loan that calls for current interest payment but no current amortization). – See repayment, amortization, bond, balloon loan, balloon, bullet payment, free years, installment loan, term loan, amortization, repayment vehicle.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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