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LSDefine

Simple English definitions for legal terms

swing loan

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A quick definition of swing loan:

A swing loan, also known as a bridge loan, is a short-term loan that helps cover costs until more permanent financing is arranged. It's like borrowing money from a friend to pay for something until you can pay them back later. It's usually used when you need money quickly and don't have time to wait for a long-term loan.

A more thorough explanation:

A swing loan, also known as a bridge loan, is a short-term loan that is used to cover costs until more permanent financing is arranged. It is a type of loan that helps bridge the gap between the purchase of a new property and the sale of an existing property.

For example, if someone wants to buy a new house but has not yet sold their current house, they may take out a swing loan to cover the down payment and closing costs on the new house. Once their current house is sold, they can pay off the swing loan.

Another example is a business that needs to cover expenses while waiting for a large payment from a customer. They may take out a swing loan to cover those expenses until the payment is received.

Overall, swing loans are a temporary solution to help individuals or businesses cover costs until more permanent financing is secured.

swinging-door chad | swing vote

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22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
Dkk
9:49
Lmfao, Gross
Dkk
9:49
@glovediedthisishismom: Watch it at the office!
Dkk
9:50
Proton vpn and https://en.solarmovie-official.lol/
let little glovey go home!
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