bridge loan

bridge loan

English

Alternative forms

• bridging loan

Noun

bridge loan (plural bridge loans)

1. (business, finance) A sum of money loaned or borrowed for a short period of time in order to cover expenses until new expected funds become available.
   • 1990 Dec. 31, "Airlines: Flocking Together," Time:

     The merger, however, depends upon Icahn's ability to provide a bridge loan to help Pan Am cover losses during the low-traffic season.

   • 2008 Nov. 20, Poornima Gupta and Nick Care, "UAW chief: inaction not an option on U.S. auto bailout," forbes.com (retrieved 25 Oct 2011):

     "It's not our fault that the economy is in the tank," he said. "What we need is a low interest bridge loan to get us through the difficult time."

Synonyms

• caveat loan, swing loan

Translations

money loaned for a short period

Chinese: Mandarin: 過橋貸款／过桥贷款 (guòqiáo dàikuǎn) Finnish: siltalaina German: Überbrückungskredit m, Überbrückungsdarlehen n Polish: ubezpieczenie pomostowe n Portuguese: empréstimo-ponte m

References

• bridge loan at OneLook Dictionary Search