| 释义 |
swing loan
swing loann. See bridge loan.bridge′ loan`
n. a short-term loan used for interim or emergency financing, as between selling a house and buying another. Also called swing loan. swing loan
Bridge LoanA loan for a short-term period, usually two weeks to three years, until long-term financing can be arranged or an obligation is removed. Interest rates are relatively high, often 12-15%. Bridge loans are used to satisfy working capital needs; for example, if a company is arranging for an IPO or a bond issue in the coming months, but needs capital before then, it may take out a bridge loan. In doing so, it will plan to pay back the bridge loan with the money raised in the longer-term financing.swing loan See bridge loan.swing loanA short-term loan that allows homeowners to buy a new home even though their old one has not yet sold. Swing LoanSame as Bridge Loan. |