single-payment loan

Definition

A loan whose principal is due in total with a single payment at maturity.

Use single-payment loan in a sentence

You may want to take out a single-payment loan if you know you will be having some funds coming in soon.

​ Was this Helpful? YES  NO 2 people found this helpful.

It was only a single-payment loan, which was cool and that kind of loan was different than other kinds of loans.

​ Was this Helpful? YES  NO 8 people found this helpful.

The single-payment loan resulted in the borrower having to make a large payment at the end of the life of the loan.

​ Was this Helpful? YES  NO 5 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
single-life annuity Single-Premium Deferred Annuity