 |
| |||
| bridge financing (A short-term loan to enable the borrower to purchase an asset where the loan is to be repaid from the proceeds of the sale of an asset being replaced by the asset just purchased. In consume loans bridge loans may be used to enable the consumer to buy a new house before selling her current house. Also commonly used investment banking for project finance, buyouts and other large transactions. American Banker Glossary Alexander Demidov) | |||