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Simple English definitions for legal terms

interim financing

Read a random definition: naked contract

A quick definition of interim financing:

Interim financing is a short-term loan that helps cover big expenses, like building costs, until a permanent loan can be obtained. It's like borrowing money from a friend until you can pay them back with a bigger loan from the bank. Other types of financing include debt financing, which is borrowing money by issuing bonds or notes, and equity financing, which is raising money by selling shares in a business. Project financing is a type of funding used for big, expensive projects like power plants or mines, where the lender looks primarily to the money generated by the project as security for the loan.

A more thorough explanation:

Interim financing is a short-term loan that is secured to cover certain major expenditures, such as construction costs, until permanent financing is obtained. It is also known as construction financing.

  • A construction company takes out an interim financing loan to cover the costs of building a new office building. Once the building is complete, they will obtain permanent financing to pay off the interim loan.
  • A business needs to purchase new equipment but does not have the funds to do so. They take out an interim financing loan to cover the cost of the equipment until they can obtain permanent financing.

These examples illustrate how interim financing is used to cover short-term expenses until permanent financing can be obtained. It is a useful tool for businesses and individuals who need to make large purchases or investments but do not have the funds available at the time.

interim dominus | interim measure of protection

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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