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Bullet Principal Repayment versus Amortizing Loan


While interest payments usually are due on regularly scheduled dates set forth in the loan agreement (Interest Payment Dates), the principal of the loan is payable either in a single lumpsum (known as bullet repayment) upon the final maturity of the loan or in installments(often called amortizations) according to a schedule set forth in the agreement or set out in a grid attached to the promissory note
Bullet Principal Repayment versus Amortizing Loan Bullet Principal Repayment versus Amortizing Loan Reviewed by BARI.0492 on November 02, 2011 Rating: 5

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