BRIDGELOAN

Bridge loan

A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing. It is usually called a bridging loan in the United Kingdom, also known as a "caveat loan," and also known in some applications as a swing loan. In South African usage, the term bridging finance is more common, but is used in a more restricted sense than is common elsewhere.

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bridge loan

Noun

  1. A sum of money loaned or borrowed for a short period of time in order to cover expenses until new expected funds become available.


The above text is a snippet from Wiktionary: bridge loan
and as such is available under the Creative Commons Attribution/Share-Alike License.

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