A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing. It is usually called a bridging loan in the United Kingdom, also known as a "caveat loan," and also known in some applications as a swing loan.
Read more about Bridge Loan: Description, In Corporate Finance
Famous quotes containing the words bridge and/or loan:
“Home! Yes! she would see Trafalgar Square, again; and Nelson on his plinth; and Chelsea Bridge as it dissolved into the Thames at twilight ... and St. Paul’s, the single Amazon breast of her beloved native city.”
—Angela Carter (1940–1992)
“Slight was the thing I bought,
Small was the debt I thought,
Poor was the loan at best—
God! but the interest!”
—Paul Laurence Dunbar (1872–1906)