Definition of bridging loan in English:
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.
- 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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