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bridge loan
noun
: a short-term loan used to finance an enterprise, investment, or government pending the receipt of other funds
Examples of bridge loan in a Sentence
Recent Examples on the Web
Banks can help make their paychecks go further without driving revolving debt by offering a combination of bridge loans to payday, overdraft fee waivers and pay-by-bank.
—Expert Panel®, Forbes, 25 Oct. 2024
Due Diligence When considering a bridge loan, diligence and careful planning are key.
—Xan Myburgh, Forbes, 2 Oct. 2024
After fundraising and a grant from the Lilly Endowment, Big Car still needs to raise about $2 million to pay back an Impact Central Indiana bridge loan and start a property maintenance fund.
—Domenica Bongiovanni, The Indianapolis Star, 11 July 2024
Likely uses of the money include additional housing vouchers, bridge loans for construction projects and other programs, city officials say.
—Joe Rubino, The Denver Post, 8 July 2024
See all Example Sentences for bridge loan
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Word History
First Known Use
1973, in the meaning defined above
Dictionary Entries Near bridge loan
Cite this Entry
“Bridge loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/bridge%20loan. Accessed 14 Nov. 2024.
Legal Definition
bridge loan
see loan
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