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prêt in fine

English translation: bullet loan

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01:08 Oct 18, 2000
French to English translations [PRO]
Bus/Financial
French term or phrase: prêt in fine
We have different kinds of loans listed "Type de prêt: amortissable, in fine, autre". "amortissable" is redeemable (I think) but "in fine"? (I know it's not infinite!)
Mary
Mary Lalevee
United Kingdom
Local time: 08:30
English translation:bullet loan
Explanation:
... just possibly, based on various terms in Eurodicautom, e.g.:

remboursement in fine = bullet (defined by Valente as "Remboursement d'un emprunt obligataire ou d'un crédit en un seul versement à son échéance")

échéance in fine = bullet maturity

emprunt remboursable en une seule fois / emprunt remboursable in fine = bullet issue

but also appears in the following contexts:

taux de rendement in fine = bond-equivalent yield / equivalent bond yield

taux agio in fine / taux de rendement in fine = equivalent simple interest yield / coupon equivalent yield / interest-bearing basis rate
Selected response from:

Gillian Hargreaves
Local time: 08:30
Grading comment
Thanks a lot, and to Nikki too.
Mary
4 KudoZ points were awarded for this answer

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Summary of answers provided
nabullet loan
Nikki Scott-Despaigne
nabullet loan
Gillian Hargreaves


  

Answers


1 hr
bullet loan


Explanation:
... just possibly, based on various terms in Eurodicautom, e.g.:

remboursement in fine = bullet (defined by Valente as "Remboursement d'un emprunt obligataire ou d'un crédit en un seul versement à son échéance")

échéance in fine = bullet maturity

emprunt remboursable en une seule fois / emprunt remboursable in fine = bullet issue

but also appears in the following contexts:

taux de rendement in fine = bond-equivalent yield / equivalent bond yield

taux agio in fine / taux de rendement in fine = equivalent simple interest yield / coupon equivalent yield / interest-bearing basis rate


    Reference: http://eurodic.ip.lu/cgi-bin/edicbin/EuroDicWWW.pl
Gillian Hargreaves
Local time: 08:30
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 575
Grading comment
Thanks a lot, and to Nikki too.
Mary

Peer comments on this answer (and responses from the answerer)
xxxKodma
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3 hrs
bullet loan


Explanation:
For "prêt in fine" : EuroDicAutom uses "bullet" for "in fine". "Bullet loan" confirmed by the dico I refer to below as ' a loan in which all ealry payments are of interest only, the final payment (bullet) includes the prinicpal. (Sounds like one of those terrible mortgages gone mad!).

[Otherwise, a "bullet" is a security that pays aguaranteed fiwed interest at a specific date. The two are obviouslyt linked.]

For "loan amorization" see :
- www.loanvalue.com
- www.mikesart.com/links/database/amort.htm

An "amortizing loan" is one where you pay off the debt with payments over a
period of time. (In respect of a mortgage for example, it is one where principal & interest are repaid usually by equal payments, by the end of the mortgage term. Whilst equal, the early payments usually consist of interest, later ones covering the principal - Int Dic of Insurance & Finance, Chtd Instit of Bankers).





    webrefs & dicrefs in body of answer
Nikki Scott-Despaigne
Local time: 09:30
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 4431
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