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bridging loan

Line breaks: bridg¦ing loan

Definition of bridging loan in English:

noun

British
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 also took out a bridging loan with the bank to make up the shortfall in the deposit.
  • In addition, because there is a strong market and properties tend to sell quickly - bridging loans are easier to obtain.
  • This also nullifies the need to negotiate a bridging loan with the bank.

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