Rasec

Thanks. Got confused by the different sentences.

Basically then paying the whole principal only at maturity rather than over the life of the loan would be a non-amortizing loan? (less of a balloon loan but just for comparisons where a balloon loan does not fully amortize at maturity, and requires a balloon payment at the end of the term equivalent to the remaining principal of the loan left)

OR like a credit card receivable which is a revolving credit