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.
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Australia
Most popular in Malaysia