bridge loan
noun1
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.
- The merger, however, depends upon Icahn's ability to provide a bridge loan to help Pan Am cover losses during the low-traffic season.1990 December 31, “Airlines: Flocking Together”, in Time:
- "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."2008 November 20, Poornima Gupta, Nick Care, “UAW chief: inaction not an option on U.S. auto bailout”, in forbes.com, retrieved 25 Oct 2011:
- Synonyms
- caveat loan, swing loan