Bridge financing: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Layout.) |
||
Line 1: | Line 1: | ||
A type of loan, usually at fluctuating interest rates, that takes the form of renewable overdrafts or discounting facilities. | A type of loan, usually at fluctuating interest rates, that takes the form of renewable overdrafts or discounting facilities. | ||
It is used as a continuing source of funds until the borrower obtains medium or long-term financing to replace it. | It is used as a continuing source of funds until the borrower obtains medium or long-term financing to replace it. | ||
Revision as of 07:27, 13 November 2016
A type of loan, usually at fluctuating interest rates, that takes the form of renewable overdrafts or discounting facilities.
It is used as a continuing source of funds until the borrower obtains medium or long-term financing to replace it.