Bridge Loan Definition

noun

A short-term loan that provides interim financing for the purchase of new property until the old property can be sold.

Webster's New World

A short-term loan used to finance a corporate takeover that is often repaid by selling assets of the acquired company.

Webster's New World

Short-term loan to cover excessive or concurrent obligations, as in the case of a loan to cover two separate mortgages until borrower is able to sell one home.

Webster's New World Law

(business, finance) A sum of money loaned or borrowed for a short period of time in order to cover expenses until new expected funds become available.

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