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Meaning of “mezzanine finance” in the English Dictionary

"mezzanine finance" in Business English

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mezzanine financenoun [U]

uk   us   also mezzanine financing
FINANCE a form of lending to businesses in which a company that is borrowing pays a higher rate of interest than on other loans but has longer to pay back the debt, which may also be changed into shares in the company: The 50-50 joint venture with Bank of Scotland will comprise about 20 per cent equity and the rest in debt and mezzanine finance.
(Definition of mezzanine finance from the Cambridge Business English Dictionary © Cambridge University Press)
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