Bridge loan

noun

noun ·Rare ·Advanced level

Definitions

Noun
  1. 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."