Bridge financing: Difference between revisions
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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.
