Definition of bridging loan in English:

bridging loan

Line breaks: bridg¦ing loan

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.
More 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.

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day flagitious
Pronunciation: fləˈjiSHəs
adjective
(of a person or their actions) criminal; villainous