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)