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English definition of “bridge loan”

bridge loan

noun [C]
 
 
( UK usually bridging loan)
FINANCE an arrangement by which a bank, etc. lends a company or person some money for a short time until that person can get the money from somewhere else: If you're buying a new house you may need a bridging loan until you sell your old one. The cash for the payment to shareholders will come from a bridge loan from a major bank.
(Definition of bridge loan from the Cambridge Business English Dictionary © Cambridge University Press)
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