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bridging loan |
Also found in: Financial, Wikipedia, Hutchinson | 0.05 sec. |
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bridging loan n
(Economics, Accounting & Finance / Banking & Finance) 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 Translations bridging loan n → Überbrückungskredit m bridging loan [ˈbrɪdʒɪŋˈləʊn] n (Brit) → prefinanziamento bridging loan [ˈbrɪdʒɪŋˈləʊn] n (Brit) → prefinanziamento How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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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