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 skosh
Pronunciation: skōSH
noun
a small amount; a little