bridge loan

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English

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Noun

bridge loan (plural bridge loans)

  1. (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.
    • 1990 December 31, “Airlines: Flocking Together”, in Time:
      The merger, however, depends upon Icahn's ability to provide a bridge loan to help Pan Am cover losses during the low-traffic season.
    • 2008 November 20, Poornima Gupta, Nick Care, “UAW chief: inaction not an option on U.S. auto bailout”, in forbes.com, retrieved 25 October 2011:
      "It's not our fault that the economy is in the tank," he said. "What we need is a low interest bridge loan to get us through the difficult time."

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