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Bridge loan

A short-term loan, usually from a bank, that "bridges" the period between the closing date of a home purchase and the closing date of a home sale. Unsecured bridge loans are available if the borrower has a firm contract to sell the existing house.

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  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Banking
  • Category: Mortgage
  • Company:
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  • Acronym-Abbreviation:
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