bridge loan

Noun

bridge loan (plural bridge loans)

1. A sum of money loaned or borrowed for a short period of time in order to cover expenses until new expected funds become available.
   • The merger, however, depends upon Icahn's ability to provide a bridge loan to help Pan Am cover losses during the low-traffic season.1990 December 31, “Airlines: Flocking Together”, in Time
   • "It's not our fault that the economy is in the tank," he said. "What we need is a low interest bridge loan to get us through the difficult time."2008 November 20, Poornima Gupta, Nick Care, “UAW chief: inaction not an option on U.S. auto bailout”, in forbes.com, retrieved 25 Oct 2011

   Synonyms:

   caveat loan, swing loan