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Simple English definitions for legal terms

interim financing

Read a random definition: dwelling house

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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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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