prêt in fine

English translation: bullet loan

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 KudoZ activity Questions: 973 (none open) (4 without valid answers) (54 closed without grading) Answers: 307 United Kingdom
Local time: 16:43

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 (X)
Local time: 16:43

Grading comment

Thanks a lot, and to Nikki too.
Mary
4 KudoZ points were awarded for this answer

Summary of answers provided

bullet loan

Gillian Hargreaves (X)

bullet loan

Nikki Scott-Despaigne

Answers

1 hr

bullet loan

Gillian Hargreaves (X)
Local time: 16:43
Native speaker of: English
PRO pts in pair: 575

Grading comment

Thanks a lot, and to Nikki too.
Mary

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: 17:43
Native speaker of:

English
PRO pts in pair: 4638

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