BULLET

  1. One-time lump-sum payment of an outstanding loan, which is normally made by the borrower following a little, if any, loan amortization. It is also applicable to a loan that requires imbalanced large portion or all of the loan that must be paid at fixed maturity.
  2. Slang term for rejection letter sent to a job applicant, stating either the candidate has not been offered the job, denied an interview, or other forms of rejection.