Bridging Loan - Definition - Law Dictionary Home Dictionary Definition bridging-loan

Definition :

Bridging loan, is a loan, by a person whom a bridging statement has been made to the person who made the statement, of a principal sum no greater than a sum specified in the statement as the net receipt which the borrower expects from an intended disposal of land, Halsbury's Laws of England, Vol. 4, 4th Edn., Para 891, p. 566.