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A-Z Loan Glossary

A4 Amount
B4 Bank
C4 Cost
D4 Debt
E4 Equity
F4 Finance
G4 Grant
H4 Home
I4 Insurance
J4 Joint
K4 Key
L4 Loan
M4 Mortgage
N4 Net
O4 Overdraft
P4 Premium
Q4 Quote
R4 Rate
S4 Secured
T4 Tenant
U4 Unsecured
V4 Variable
W4 Waiver
X4 XD
Y4 Yield
Z4 Zero

A-Z of the Loan Industry's Jargon when Targeting Consumers for Loans
Consumer Loan Packages

Bridging Loan

Bridging Loan: If a house purchase arrangement involves the sale of one property and the purchase of another it will normally be most convenient if the two deals are concluded simultaneously. If this is not possible and the purchase of the second property is to be concluded before the sale of the first is completed then additional financing may be necessary. This is a 'bridging loan' & it bridges the gap between the two transactions. A short term loan (usually at a higher rate) taken out to cover the financial gap between buying a new property and selling an existing property.

Expanded List of Definitions "B"

· Balloon Mortgage · Bancassurer · Bank · Bank Giro Credit (BGC) · Bankers' Draft · Base Rate · Basic State Pension · Bed Breakfasting · Beneficiary · Benefit Basis · Benefits · Benefits In Kind · Bequest · Bid Offer · Bid Price · Bid-Offer Spread · Bi-Weekly Payments · Bonds · Bonus · Bridging Loan · Building Campaign · Building Society · Bulk Transfer · Buy Back · Buy Out · Buy-to-Let ·