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LSDefine

Simple English definitions for legal terms

bridge loan

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A quick definition of bridge loan:

A bridge loan is a short-term loan that helps cover costs until you can get more permanent financing. It's like a temporary band-aid until you can get a long-term solution. For example, if you're buying a new house but haven't sold your old one yet, a bridge loan can help you cover the down payment until you sell your old house and get the money you need. It's important to remember that bridge loans usually have higher interest rates and fees, so they should only be used when necessary and with caution.

A more thorough explanation:

A bridge loan is a short-term loan that is used to cover costs until more permanent financing is arranged. It is also known as a swing loan. For example, if someone is buying a new home but has not yet sold their current home, they may take out a bridge loan to cover the down payment and closing costs on the new home until they sell their current home and can pay off the loan.

Another example is a business that needs to cover expenses while waiting for a larger loan to be approved. They may take out a bridge loan to cover the costs until the larger loan comes through.

Overall, a bridge loan is a temporary solution to cover expenses until a more permanent financing option is available.

bridge bank | bridge the gap

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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