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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:

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Word of the day vigesimal
Pronunciation: ˌvīˈjesəm(ə)l
adjective
relating to or based on the number twenty