Meaning of bridge loan | Babel Free
Definitions
A sum of money loaned or borrowed for a short period of time in order to cover expenses until new expected funds become available.
Equivalents
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.”
“"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."”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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