swing loan


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Related to swing loan: bridge loan

swing loan

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

bridge′ loan`


n.
a short-term loan used for interim or emergency financing, as between selling a house and buying another. Also called swing loan.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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If there is sufficient equity, the swing loan can be structured to capitalize the interest for a period of time.
Swing loan demand is inversely proportional to activity in the housing market.
It offers personal banking products and services, including checking, savings, money market, and individual retirement accounts, as well as certificates of deposit; and loans and lines of credits, such as personal, home equity, auto, and swing loans. It was incorporated in 2002 and is headquartered in York, Pennsylvania.