Definition of bridge loan in US English:

bridge loan


North American
  • A sum of money lent by a bank to cover an interval between two transactions, typically the buying of one house and the selling of another.

    • ‘They cannot borrow money from the bank for a bridge loan because the payment schedule isn't predictable enough.’
    • ‘These offers take the form of everything from bridge loans to low-margin commercial paper.’
    • ‘A 5.6 trillion won bridge loan arranged by the government matures at the end of this month.’
    • ‘I expressed little or no emotion when he got a bridge loan.’
    • ‘This was, at best, a bridge loan because the risks and rewards of ownership did not pass to the company.’