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bridge loan definition

bridge loan

  1. a short-term loan that provides interim financing for the purchase of new property until the old property can be sold
  2. 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 College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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