A sum of money lent by a bank to cover an interval between two transactions, typically the buying of one house and the selling of another; a bridging loan.
Example sentencesExamples
A 5.6 trillion won bridge loan arranged by the government matures at the end of this month.
These offers take the form of everything from bridge loans to low-margin commercial paper.
They cannot borrow money from the bank for a bridge loan because the payment schedule isn't predictable enough.
I expressed little or no emotion when he got a bridge loan.
This was, at best, a bridge loan because the risks and rewards of ownership did not pass to the company.
Definition of bridge loan in US English:
bridge loan
noun
North American
A sum of money lent by a bank to cover an interval between two transactions, typically the buying of one house and the selling of another.
Example sentencesExamples
They cannot borrow money from the bank for a bridge loan because the payment schedule isn't predictable enough.
These offers take the form of everything from bridge loans to low-margin commercial paper.
A 5.6 trillion won bridge loan arranged by the government matures at the end of this month.
I expressed little or no emotion when he got a bridge loan.
This was, at best, a bridge loan because the risks and rewards of ownership did not pass to the company.