bridging loan

a loan to provide short-term finance, usually to buy property or land, where the loan is to be cleared by longer-term borrowing, or the sale of assets. Glossary of Business Terms
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A short term loan to provide temporary financing until more permanent financing is arranged. It is often used by purchasers of a property who need funds for a limited period of time e.g. until they sell their existing home.

Financial and business terms. 2012.

Look at other dictionaries:

  • bridging loan — noun A short term loan, usu for a fairly large sum and at a relatively high rate of interest, providing bridging for a business transaction, esp house purchase • • • Main Entry: ↑bridge * * * bridging loan UK [ˈbrɪdʒɪŋ ˌləʊn] US [ˈbrɪdʒɪŋ ˌloʊn]… …   Useful english dictionary

  • bridging loan — bridging loans N COUNT A bridging loan is money that a bank lends you for a short time, for example so that you can buy a new house before you have sold the one you already own. [BRIT] …   English dictionary

  • bridging loan — bridging .loan BrE bridge loan AmE n an amount of money that a bank lends you for a short period of time until you receive money from somewhere else …   Dictionary of contemporary English

  • bridging loan — ► NOUN chiefly Brit. ▪ 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 …   English terms dictionary

  • bridging loan — UK [ˈbrɪdʒɪŋ ˌləʊn] / US [ˈbrɪdʒɪŋ ˌloʊn] noun [countable] Word forms bridging loan : singular bridging loan plural bridging loans British money that someone borrows when they have bought a house but have not yet sold their own house …   English dictionary

  • bridging loan — short term loan until a long term loan is secured …   English contemporary dictionary

  • bridging loan — / brɪdʒɪŋ ləυn/ noun a short term loan to help someone buy a new house when the old one has not yet been sold (NOTE: The US term is bridge loan.) …   Dictionary of banking and finance

  • bridging loan — bridg|ing loan [ brıdʒıŋ ,loun ] noun count money that someone borrows when they have bought a house but have not yet sold their own house …   Usage of the words and phrases in modern English

  • bridging loan — (N. Amer. bridge loan) noun 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 …   English new terms dictionary

  • bridging loan — A loan taken on a short term basis to bridge the gap between the purchase of one asset and the sale of another. It is particularly common in the property and housing market …   Accounting dictionary

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