Share this entry

Share this page

bridge loan

Syllabification: bridge loan

Definition of bridge loan in English:

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 sentences
  • 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.
  • They cannot borrow money from the bank for a bridge loan because the payment schedule isn't predictable enough.

Definition of bridge loan in:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day cumbersome
Pronunciation: ˈkʌmbəs(ə)m
adjective
large or heavy and therefore difficult to carry…