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bridge loan
(redirected from Caveat loan)

    Also found in: Wikipedia 0.06 sec.
Bridge Loan
A short-term loan that is used until a person or company can secure permanent financing.

Notes:
Banks offer bridge loans to help home buyers out of a sticky situation. They are short-term loans (up to 1 year) with high interest rates that let you borrow against the value of your old home. Basically it covers the bills until a company or person is approved for a larger loan.

See also: Loan
bridge loan
A short-term loan that is taken out until permanent financing can be arranged. Also called swing loan.
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