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bridging loan |
Also found in: Financial, Wikipedia, Hutchinson | 0.04 sec. |
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bridging loan Noun a loan made to cover the period between two transactions, such as the buying of another house before the sale of the first is completed
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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. As a result, by June 2002 it was able to fully repay the EUR1-billion bridging loan taken out to finance the Seagram acquisition. Further, the new company has completed a $1,200,000 convertible bridging loan with Cornell Capital LLP. |
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