Stage of a company's development just prior to going public, in Venture Capital language. Venture capitalists entering at that point have a lower risk of loss than at previous stages and can look forward to early capital appreciation as a result of the Market Value gained by an Initial Public Offering.
Loan finance which is halfway between equity and secured debt, either unsecured or with junior access to security.
Also called "bridge financing" in venture capital deals, this form of financing is usually a very short term loan program. It can be used by a company that is in a short-term transitional phase.