Definitions for "Bridging Loan"
A loan to bridge the gap between the time when a purchaser must pay the purchase price of one house and the time when the proceeds of a sale from another house, or mortgage funds, become available.
This is a short-term loan to cover what will eventually be covered by long-term finance. Sometimes a Bridging-loan is required by purchaser of a property who hasn't yet sold their original house.
An expensive temporary loan to tide you over when having to buy your new house before selling your old home.
Keywords:  capital