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bridge loan

The definition of a bridge loan is a short-term loan to provide financing for a specific activity.

(noun)

An example of a bridge loan is a loan taken out by a developer to pay for land and building materials while a house is being built and sold on the land.

See bridge loan in Webster's New World College Dictionary

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

See bridge loan in American Heritage Dictionary 4

noun

A short-term loan intended to provide or extend financing until a more permanent arrangement is made.

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