bridge loan Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

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 ​shorttime until that ​person can get the ​money from somewhere else: If you're ​buying a new ​house you may need a ​bridgingloan until you ​sell your old one. The ​cash for the ​payment to ​shareholders will come from a ​bridgeloan from a ​majorbank.
(Definition of bridge loan from the Cambridge Business English Dictionary © Cambridge University Press)
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