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Meaning of “bridge loan” in the English Dictionary

"bridge loan" in Business English

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bridge loannoun [C]

uk   us   ( 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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