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.
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Famous quotes containing the words bridge and/or loan:
“Oh, who will now be able to relate how Pantagruel behaved in face of these three hundred giants! Oh my muse, my Calliope, my Thalie, inspire me now, restore my spirits, because here is the ass’s bridge of logic, here is the pitfall, here is the difficulty of being able to describe the horrible battle undertaken.”
—François Rabelais (1494–1553)
“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)