Bridge loan
noun
noun ·Rare ·Advanced level
Definitions
Noun
- 1 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."
Example
More examples"The merger, however, depends upon Icahn's ability to provide a bridge loan to help Pan Am cover losses during the low-traffic season."