bridge loan

A short-term loan to enable the borrower to purchase an asset where the loan is to be repaid from the proceeds of the sale of an asset being replaced by the asset just purchased. In consume loans bridge loans may be used to enable the cons8umer to buy a new house before selling her current house. Also commonly used investment banking for project finance, buyouts and other large transactions. American Banker Glossary

* * *

bridge loan bridge loan loan1

* * *

bridge loan UK US noun [C] (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.


Financial and business terms. 2012.

Look at other dictionaries:

  • bridge loan — see loan Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bridge loan …   Law dictionary

  • bridge loan — bridge′ loan n. ban a short term loan used for interim or emergency financing, as between selling a house and buying another Also called swing loan …   From formal English to slang

  • bridge loan — n. 1. a short term loan that provides interim financing for the purchase of new property until the old property can be sold 2. a short term loan used to finance a corporate takeover that is often repaid by selling assets of the acquired company …   English World dictionary

  • bridge loan — (izg. brȉdž lȏun) m DEFINICIJA bank. kredit za premošćivanje, ob. kredit banke kojim ona dužniku osigurava novčana sredstva za ostvarenje neke poslovne transakcije, a vraćanje kredita osigurano je od tog posla ETIMOLOGIJA engl …   Hrvatski jezični portal

  • Bridge loan — A bridge loan (also known in some applications as a swing loan) is a type of short term loan, typically taken out for a period of 2 weeks to 3 years [cite web| url=http://www.thisismoney.co.uk/help and advice/advice banks/article.html?in… …   Wikipedia

  • Bridge Loan — A short term loan that is used until a person or company secures permanent financing or removes an existing obligation. This type of financing allows the user to meet current obligations by providing immediate cash flow. The loans are short term… …   Investment dictionary

  • bridge loan — A loan which is for short duration until more permanent financing is arranged; e.g., person might obtain a bridge loan to purchase real estate and build house before final mortgage financing or the sale of presently held assets can be… …   Black's law dictionary

  • bridge loan — A loan which is for short duration until more permanent financing is arranged; e.g., person might obtain a bridge loan to purchase real estate and build house before final mortgage financing or the sale of presently held assets can be… …   Black's law dictionary

  • bridge loan — noun : a short term loan used to finance an enterprise, investment, or government prior to obtaining other funds * * * 1. See under bridge financing. 2. See swing loan. * * * n. a sum of money lent by a bank to cover an interval between two… …   Useful english dictionary

  • Bridge Loan — Eine Brückenfinanzierung (engl. bridge financing oder bridge loan) ist eine oft von Banken gewährte Bereitstellung von Finanzmitteln zur Finanzierung einer Transaktion (z.B. für den Kauf eines Hauses oder Unternehmens), die vergleichsweise… …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.