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bridge loan Definition

bridge loan

noun

  1. a short-term loan that provides interim financing for the purchase of new property until the old property can be sold
  2. a short-term loan used to finance a corporate takeover that is often repaid by selling assets of the acquired company

bridge loan Law Definition

n

Short-term loan to cover excessive or concurrent obligations, as in the case of a loan to cover two separate mortgages until borrower is able to sell one home.
bridge loan Usage Examples

Converse of object

  • replace: It is planned to replace the bridge loan by a long term facility in due course.

Preposition: by

  • facility: It is planned to replace the bridge loan by a long term facility in due course.

Browse dictionary entries near bridge loan

  1. ‹ bridge financing
  2. ‹ bridge
  3. ‹ bridesmaid
  4. ‹ bridegroom
  5. ‹ bride price
  6. ‹ bride
  7. ‹ bridal wreath
  8. ‹ bridal
  9. ‹ bricolage
  10. ‹ brickyard
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