- 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————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.
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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