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单词 bridging loan
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bridging loan
bridging loan n. Finance a short-term loan intended to cover a temporary deficit, until the borrower receives funds from a longer-term financial arrangement or forthcoming property sale; cf. bridge loan at bridge n.1 Compounds 2.Bridge loan is the more common term in North American use.
ΚΠ
1957 Financial Times 24 Sept. 13 (advt.) Company bids, etc., bridging loans and similar matters will be entertained.
1995 Independent (Nexis) 6 Sept. 2 The couple took out a short-term bridging loan and with it bought a third house in Henley-on-Thames.
2002 Jrnl. Peace Res. 39 242/1 The USA and Japan provided a bridging loan that allowed Peru to pay its arrears to the IMF and World Bank.
extracted from bridgingadj.
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