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bridging loan

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.05 sec.

bridging loan

Loan, typically for the purchase of a house, to cover the period between the purchase of a new house and the sale of the old house. Most home buyers try to avoid taking out a bridging loan, because of its very high cost, either by selling their house before they buy another or by buying and selling on the same day.
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This report provides an overview of the bridging loan sector in the UK, covering market sizing, issues, competitive trends and includes a 5-year forecast in terms of gross advances.
The UK's Bridging Loan Sector is Expected to Account for 1.7% of ... by Business Wire
As a result, by June 2002 it was able to fully repay the EUR1-billion bridging loan taken out to finance the Seagram acquisition.
Pernod Ricard: 1st-Half 2002 Results; Twofold Increase in Operating ... by Business Wire
Further, the new company has completed a $1,200,000 convertible bridging loan with Cornell Capital LLP.
UPDATE ON: Hugo International Telecom, Inc. and Worldlink ... by Business Wire
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