What is the meaning of straight (term) loan?

straight (term) loan is a loan in which only interest is paid during the term of the loan, with the entire principal amount due with the final interest payment.

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APABarry Goldsmith. (2010). straight (term) loan. Retrieved September 20, 2026, from http://smartdefine.org/straight_(term)_loan/definitions/1164327
ChicagoBarry Goldsmith. 2010. "straight (term) loan" http://smartdefine.org/straight_(term)_loan/definitions/1164327 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, straight (term) loan, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/straight_(term)_loan/definitions/1164327>.
MLABarry Goldsmith. "straight (term) loan" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/straight_(term)_loan/definitions/1164327>