BRIDGE LOAN
\bɹˈɪd͡ʒ lˈə͡ʊn], \bɹˈɪdʒ lˈəʊn], \b_ɹ_ˈɪ_dʒ l_ˈəʊ_n]\
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A temporary LOAN granted by a BANK to a corporate or sovereign borrower, generally intended to be replaced by longerterm or permanent financing from the CAPITAL MARKETS. Bridge loans may be secured or unsecured and generally have maturities of less than one year. Also known as SWING LOAN.
By Henry Campbell Black
